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Notices
BC
Brad Case (not verified)
14th December 2016 | 10:59am

Well, I certainly don't disagree with that--but all you're saying is that the market is a mechanism for encouraging anybody with superior information to reveal that information to other market participants by engaging in transactions, thereby moving the market price more closely toward the true value of whichever good is traded in that market.
In other words, that's not an example of an imperfect market, but of a perfect one.