Question

To define marriage as a market, Gary Becker made two assumptions: marriage must be __________, and there must be __________.

Answer 1

To define marriage as a market, Gary Becker made two assumptions: marriage must be VOLUNTARY, and there must be COMPETITION. Gary Stanley Becker was an American economist. Gary defines marriage as a market establishing that it must be something that parties can voluntarily enter into, and there must also be competition for spouses so that people can shop for the best one.