Assertion: market distortion | /r/HasProperty | any event
Facets:
value: in neoclassical economics
type: LOCATION
Source sentences:
text: In neoclassical economics, a market distortion is any event in which a market reaches a market clearing price for an item that is substantially different from the price that a market would achieve while operating under conditions of perfect competition and state enforcement of legal contracts and the ownership of private property.