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by lesuorac
1139 days ago
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When I took Econ 101 it was very much lectured into me that these models are all based on a bunch of assumptions. The thing I ultimately found pretty amusing that nearly every model had perfect information, many buyers, many sellers as part of the assumptions and almost every time I see somebody citing Econ 101 either 2 or 3 of the assumptions aren't there. |
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