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    Exam 15: The Invisible Hand and the First Welfare Theorem
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    Suppose All Individuals in a Group Have Homothetic Tastes
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Suppose All Individuals in a Group Have Homothetic Tastes

Question 10

Question 10

True/False

Suppose all individuals in a group have homothetic tastes.Then we can be sure that the group can be treated as a single representative consumer is if the group members also have identical tastes.

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