True or False? the Edgeworth Box Version of Inter-Personal Trade

question 83

Multiple Choice

True or false? The Edgeworth box version of inter-personal trade requires the individuals to be in close proximity of one another.

• A) True, that way they can see each other's endowments and prices.
• B) False, begin in close proximity is not required for mutually beneficial trade to occur in the Edgeworth box.
• C) True, the Edgeworth box only works when there folks see "eye-to-eye."
• D) False, although prices are only valid if they are communicated in person.

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