What aspects of markets help to mitigate knowledge problem


Problem

The market process (the forces that bring us closer to equilibrium) is said to solve the knowledge problem. What is the knowledge problem? What aspects of markets help to mitigate the knowledge problem? Provide an example of how the knowledge process is solved through the market process.

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 aspects of markets help to mitigate knowledge problem
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