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by wtfrmyinitials 2543 days ago
Purely competitive, purely monopolistic, monopolistic-competitive, and oligopolistic are terms to describe how a market behaves, not the regulatory environment the market exists within. A "free market" is a regulatory environment and not a market behavior.
2 comments

Economists still typically don't use the term "free market," because it's loaded and often inaccurate.

"Unregulated" would be preferable, I think.

That's pretty much my point, yes.