Question: When a fixed stock of inputs cannot be reallocated to make all consumers better off by producing more of one product and less of another
When a fixed stock of inputs cannot be reallocated to make all consumers better off by producing more of one product and less of another product, the allocation satisfies:
A. exchange efficiency.
B. input efficiency.
C. substitution efficiency.
D. Walras’ Law.
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The detailed answer for the above question is provided below The answer here is B Input efficiency I... View full answer
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