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Edgeworth Box
A diagram used in economics to show the distribution of resources and the allocation of goods in a two-person, two-good economy.
Contract Curve
In economics, the curve that represents the set of Pareto efficient allocations in an Edgeworth Box diagram.
Utility Function
A symbolic depiction illustrating the ranking of preferences a consumer holds across various goods or outcomes.
Edgeworth Box
A diagram used in economics to show the distribution of resources and the potential gains from trade between two individuals in a pure exchange economy.
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