According to the Fundamental Theorems of Welfare Economics,the competitive equilibrium is dependent on the relative bargaining powers of the parties trading.

Name: According to the Fundamental Theorems of Welfare Economics,the competitive equilibrium is dependent on the relative bargaining powers of the parties trading.
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The competitive equilibrium assumes that all parties are price takers.The prices and quantities are determined by the endowment point and the MRS's.

According to the Fundamental Theorems of Welfare Economics,the Competitive Equilibrium