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392 pages, Hardcover
First published January 1, 2004
"There would be no monopolies, no barriers to entry in any industry. There would be no advertising; competition would be based entirely upon the price and quality of goods being offered. There would be no information asymmetries -- consumers would be perfectly informed about what they were buying. Firms would not behave opportunistically toward their customers or suppliers, and there would be no windfall profits. And, most importantly, all externalities would be internalized; firms would have to factor the full social cost of their actions into every decision made."