If There Are Consumption Externalities, Then a Competitive Equilibrium Is

question 17

True/False

If there are consumption externalities, then a competitive equilibrium is not necessarily Pareto optimal.

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Definitions:

Appearance Time

The period or moment at which something or someone becomes visible or presents itself, often used in the context of events or symptoms.

Hemolytic Disease

A condition, often of the newborn, caused by the destruction of red blood cells leading to symptoms like anemia and jaundice.

Jaundice

A medical condition characterized by yellowing of the skin and the whites of the eyes, caused by high bilirubin levels.

Birth

The process by which a baby is born, marking the end of pregnancy.