Examlex
How many days of the month does the Code Red worm replicate?
Contract Curve
In an Edgeworth Box diagram, the curve that represents all the Pareto efficient allocations between two consumers.
Pareto Optimal
A situation of distribution where improving the condition of any individual necessitates the detriment of at least another individual.
Competitive Equilibrium
A state in a market-based economy where supply equals demand, meaning all buyers and sellers are satisfied at the current price level and quantity of goods.
Feasible Allocation
is a concept in economics that refers to the division of resources or goods among various uses or people in a way that is possible given the resources available.
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