The illustration below shows four stages in the development of the solar system.Describe the changes that take place in stage 3 of this evolution.
Definitions:
Numeraire Good
A commodity selected as a standard of value and used as the unit of account in economic models, facilitating comparisons between different goods or services.
Initial Endowment
The initial allocation of assets, income, or resources that an individual, institution, or country possesses.
Min
The smallest or least possible amount, quantity, value, or degree.
Pareto Optimal Allocation
A distribution of resources in which it is impossible to make any individual better off without making at least one individual worse off.
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