So many economists adopt perfect competition theory. Any ounce of truth to it?
What are the best arguments that smash it, namely that amount firms don't matter?
Thanks,
Chris
The Myth of Natural Monopoly
http://www.youtube.com/watch?v=z2HXyfe_tCE
Very interesting lecture. The part about the real uses of anti-trust law is great stuff.
Monopoly and Competition (by Murray N. Rothbard) http://mises.org/media/4603/
Study Guide to Chapter 10 of Man, Economy and State - Monpoly and Competition http://mises.org/rothbard/mes/guidechap10.PDF