Which of the Following Conditions Is Not Necessary for the Attainment

question 3

Multiple Choice

Which of the following conditions is not necessary for the attainment of efficiency in general equilibrium?

• A)The economy's marginal rate of transformation must be equal to each consumer's marginal rate of substitution.
• B)Consumers must have identical incomes.
• C)Marginal rates of technical substitution must be equal for all firms.
• D)Marginal rates of substitution must be equal for all consumers.

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