Multiple Choice
A competitive equilibrium is a price vector stating ____________ for each good in the economy.
A) at least two prices
B) one price
C) an infinite number of prices
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: Any point in an Edgeworth box defines
Q25: The set of efficient (Pareto-optimal) allocations that
Q26: What is the implication of assuming that
Q27: A graphical device that permits us to
Q28: You quarry granite. You go to the
Q30: Prices that equate the supply and demand
Q31: A curve in the Edgeworth box, which
Q32: To block is to prevent a trade
Q33: An allocation of goods across people such
Q34: Does the contract curve define the set