Multiple Choice
When we add just one more agent of each type to an economy, the equilibrium of the trading process will now guarantee that traders of all types benefit in the sense of achieving final utility levels strictly _______________ the ones they could obtain if they remained at their no-trade allocations.
A) equal to
B) greater than
C) less than
Correct Answer:

Verified
Correct Answer:
Verified
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Q6: If there are many equilibrium allocations, the
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5736/.jpg" alt=" -In Figure 21.4,
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