The free markets are not efficient. That’s the core reason why there are mismatches between price and value.
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i'd say the free market is more efficient than a command economy. Even if it's not perfectly efficient, it's quite close.
Well, in some cases. There are actually industries where command models outperform market models and industries where they are competitive.
A mix of market and command is necessary. But this whole thing isn't really relevant because both markets and command systems have very wide variety in implementation.