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    Microeconomics Study Set 49
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    Exam 16: General Equilibrium Theory
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    To Be Efficient, a Competitive Equilibrium Must Allocate Goods to Consumers
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To Be Efficient, a Competitive Equilibrium Must Allocate Goods to Consumers

Question 60

Question 60

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To be efficient, a competitive equilibrium must allocate goods to consumers so that no reallocation of the goods could make all consumers better off.

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