What kind of allocation accepted by traders and feasible with regard to an initial allocation is called
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What kind of allocation accepted by traders and feasible with regard to an initial allocation is called Pareto optimal (efficient) in the simple model of exchange?
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In the simple model of exchange an allocation is called Pareto optimal or Pareto efficient when no o...View the full answer
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Related Book For
Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics
ISBN: 9783031105531
1st Edition
Authors: Krzysztof Malaga, Karolina Sobczak
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