Discuss why economists generally believe and teach their students that perfectly competitive markets are the best

Discuss why economists generally believe and teach their students that perfectly competitive markets are the best

Discuss why economists generally believe, and teach their students, that perfectly competitive markets (in the sense that we use the term technically) are the best. Why is this the case and provide an example of a competitive market from your experience and what you see as its benefits. Please do not confuse the technical definition of ‘competition’ that we economists use with behaving in a competitive manner which is what all business do, even those in very non-competitive markets. 

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