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In order to bring the job market closer to "perfect competition", thereby making it more efficient. One of the features of perfect competition is "perfect infor
by KoftaBob 5y ago
In order to bring the job market closer to "perfect competition", thereby making it more efficient. One of the features of perfect competition is "perfect information":
"In economics, perfect information (sometimes referred to as "no hidden information") is a feature of perfect competition. With perfect information in a market, all consumers and producers have perfect and instantaneous knowledge of all market prices, their own utility, and own cost functions."