With reference to the theory of the consumer (demand, elasticity and utility) and the theory of the firm ( costs and market structure). Is the “Free Market” a positive or normative construct? How would your response change ( if at all) if you moved from the short-run to the long-run? Your goal is to use economic theory to support your answer.
Assignments No: 6266200_ECOWith reference to the theory of the consumer (demand, elasticity andutility) and the theory of the firm ( costs and market structure). Is the"Free Market" a…
