Which of the Following Is Not a Condition Required for the First

question 19

Multiple Choice

Which of the following is not a condition required for the first welfare theorem to hold:

• A)No government policy interferes with the formation of prices.
• B)No market actor has market power.
• C)Tastes are quasilinear.
• D)Income is distributed fairly before markets open.
• E)(a) and C
• F)(b) and (c)
• G)(c) and (d)
• H)(b) and (d)

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