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  3. Study Set
    Microeconomics Study Set 49
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    Exam 16: General Equilibrium Theory
  5. Question
    To Be Efficient, a Competitive Equilibrium Must Satisfy Substitution Efficiency
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To Be Efficient, a Competitive Equilibrium Must Satisfy Substitution Efficiency

Question 5

Question 5

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To be efficient, a competitive equilibrium must satisfy substitution efficiency.

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