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    Microeconomics Study Set 12
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    Exam 16: General Equilibrium Theory
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    Consider Point a in the Edgeworth Box
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Consider Point a in the Edgeworth Box

Question 12

Question 12

Multiple Choice

Consider point A in the Edgeworth box.Does point A satisfy the condition of exchange efficiency? Consider point A in the Edgeworth box.Does point A satisfy the condition of exchange efficiency?   A)  Yes B)  No C)  Yes, as long as point A does not represent the initial endowments of goods for the two players. D)  Cannot be determined from the figure.


A) Yes
B) No
C) Yes, as long as point A does not represent the initial endowments of goods for the two players.
D) Cannot be determined from the figure.

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