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What is the role of information, and access to information, in a purely competitive market?

What is the role of information, and access to information, in a purely competitive market? How does secrecy and the withholding of information, or the selective introduction of information, change how markets function?

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Perfect information.doc

Perfect information and access to information plays a vital role in a purely competitive
market.
In perfect competition; there prevails only one market price for a particular commodity,
perfect...

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