Flopper
Diamond Member
On a scale of 1 to 10, one being the most competitive, healthcare services would rank about 9 with or without Obamacare.Actually, no.
What do you mean? What gives you the idea that a free market requires perfectly informed consumers?
Microeconomics - Wikipedia, the free encyclopedia
The theory of supply and demand usually assumes that markets are perfectly competitive.
Perfect competition - Wikipedia, the free encyclopedia
"perfect competition (sometimes called pure competition) describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, there are few if any perfectly competitive markets."
"Perfect information - All consumers and producers are assumed to have perfect knowledge of price, utility, quality and production methods of products."