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https://www.daringabroad.com/best-portable-camping-hammock-stand Markets, whether simple or large and complex, serve many useful functions, including the generation of prices, which provide important information on which people act and make decisions. Perhaps surprisingly, there are universal principles which apply to the market in Meru and to the New York Stock Exchange. But there are also important differences between markets, particularly with respect to the degree of ‘market power’ on the buying and selling sides. Features such as market power can affect the efficiency with which markets function. We will spend considerable time on these characteristics as we continue our study. It is now time to become more specific and more technical in our study of the market mechanism. Later, we will return to the functions of markets and prices and attempt to determine under what conditions markets can be relied upon to satisfy the goals for the economy, and under what conditions they might be modified through the collective hand of government. Our immediate goal, however, is to understand more thoroughly the mechanism of markets and prices.