please i need answer for the following Q, as a mudel answer.
– Given that in reality ideal conditions of markets are unlikely to hold, critically appraise whether the single measurement bases information is appropriate?
please i need the answer to be as following.
1- Definition of ideal condition
– Perfict and full information
– compatitive equilibrium
2- advantage of ideal condition
– single measurement
A – Consistancy
B – Compavability
3- imperfect market defintion
A- information asymmetry
Note: i attached one jurnal artical could be helpfull.