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Since there's no known process that better allocates scarce resources, I don't see how markets are not efficient.
In your soap bubble analogy, it would be like saying the bubble isn't efficient because it could have used less soap.
Since there's no known process that better allocates scarce resources, I don't see how markets are not efficient.
In your soap bubble analogy, it would be like saying the bubble isn't efficient because it could have used less soap.