Multiple Choice
Which of the following is true of the contract curve?
A) All points on the contract curve are potential points of equilibrium but not all are efficient.
B) All points on the contract curve are potential points of equilibrium and are efficient.
C) A movement from one point on the contract curve to another reduces total welfare.
D) The midpoint of the contract curve is the most efficient point because it is the most equitable.
Correct Answer:
Verified
Correct Answer:
Verified
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