there exists a fundamental contradiction in capitalist ideology: Competition is regarded as a virtuous necessity, but firms are driven to dominate particular industries in practice.   explaine and analyze competition in Adam Smith and John Nash 's prespective.    long and explanatory, detailed answer please

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter9: Competition And Monopolies
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 there exists a fundamental contradiction in capitalist ideology: Competition is regarded as a virtuous necessity, but firms are driven to dominate particular industries in practice.

 

explaine and analyze competition in Adam Smith and John Nash 's prespective. 

 

long and explanatory, detailed answer please

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