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Unformatted text preview: Co
Free marketsallocate supply of goods to buyers who
value it the most - measured by willingness to pay
Free markets allocate demand for goods to sellers who
Can produce them at lowest cost
Free markets produce the quantity of goods that maximing
the sum of consumer producer surplus.
Last
Avalue to
valueto
Value to buyers
buyers> cost
< cost to sellers
- to schers...
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