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i think you two are defining market differently - goldfish is looking at it more narrowly as the institutional arrangement by which sellers and buyers are matched ("is the NYSE a sufficiently liquid market") and MLD and AB are looking at the entire supply and demand curves and their interaction ("price controls on oil have led to a dead weight loss, ergo the oil market in country X is inefficient")

by AWalkerInTheCity on Dec 20, 2012 10:00 am • linkreport

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