What hayeks contention with view in meaning of competition


Problem

Standard economic theory examines competition as the number of firms within the market. What was Hayek's contention with this view in The Meaning of Competition? Instead, what did Hayek say was the better way to examine competition? What did Hayek specifically say about perfect competition?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What hayeks contention with view in meaning of competition
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