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    Exam 21: The Problem of Exchange
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    If There Is an Equilibrium Allocation, the Agents Will
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If There Is an Equilibrium Allocation, the Agents Will

Question 11

Question 11

Multiple Choice

If there is an equilibrium allocation, the agents will


A) remain at the no-trade allocation
B) both voluntarily agree to trade to that allocation
C) agree on one of the allocations through a process of bargaining

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