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    Intermediate Microeconomics Study Set 1
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    Exam 31: Production-Part A
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    When There Is Production, a Competitive Equilibrium Is Not Pareto
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When There Is Production, a Competitive Equilibrium Is Not Pareto

Question 21

Question 21

True/False

When there is production, a competitive equilibrium is not Pareto optimal unless there are increasing returns to scale.

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