If Through Prior Trade,the Marginal Rates of Substitution for Two

question 75

Multiple Choice

If through prior trade,the marginal rates of substitution for two goods between two people are equal,we say that the last trade:

• A)made one person better off and the other worse off.
• B)was Pareto optimal.
• C)was Edgeworth final.
• D)was inefficient.

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