Multiple Choice
In a two- person to good world,if the initial endowment is such both persons have the same MRS then
A) there may or may not be a trade possible
B) there is another allocation which makes everyone better off
C) the initial endowment is Pareto optimal
D) there is some price at which a Pareto improving trade exists
Correct Answer:
Verified
Correct Answer:
Verified
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