What does the contract curve in an Edgeworth production box signify? Why do competitive markets generate equilibriums

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What does the contract curve in an Edgeworth production box signify? Why do competitive markets generate equilibriums that lie on the contract curve?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:30 AM

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What does the contract curve in an Edgeworth production box signify? Why do competitive markets generate equilibriums

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An Edgeworth production box diagram identifies all the ways two inputs can be ...View the full answer

Microeconomics Theory and Applications

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