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Complete market is a market where every possible asset or good can be assigned a price and where you have perfect information, can make perfect contracts and zero transaction costs. Any market can be complete regardless of its market structure. So you can have complete market dominated by monopoly, or oligopoly or monopolistic competition etc. Perfectly ...


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For mainly two reasons: -1) It is a scarce resource. This alone would not explain why other scarce resources are not good store of values. The second reason is: -2) It has the highest Stock to Flow Ratio of all commodities. The new amount of gold produced every year is only approx. 2% of the gold already in circulation. And it's difficult to do much more ...


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The classic undergraduate textbook is Financial Markets and Institutions from Mishkin and Eakins. I can wholeheartedly recommend this textbook check some local secondhand textbook stores where you can get it cheap (new book is unnecessarily pricey). If you are not looking for a textbook I would recommend Ascent of Money by Ferguson- that’s mostly about ...


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