How does exchange efficiency differ from input efficiency? Could an economy satisfy the conditions for exchange efficiency

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How does exchange efficiency differ from input efficiency? Could an economy satisfy the conditions for exchange efficiency but not the conditions for input efficiency?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:08 AM

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How does exchange efficiency differ from input efficiency? Could an economy satisfy the conditions for exchange efficiency

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Input efficiency occurs when a fixed stock of input...View the full answer

Microeconomics

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