If Only Two People Are Trading Their Endowments and No

question 119

Multiple Choice

If only two people are trading their endowments and no production is possible,then the equilibrium they reach will

• A) be on their contract curve.
• B) result in unequal marginal rates of substitution for the two people.
• C) result in one person being worse off than with his or her endowment.
• D) All of the above.

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