A feasible allocation in which agents consume exactly the quantities of the goods that they initially possessed is called a no-trade allocation.

Name: A feasible allocation in which agents consume exactly the quantities of the goods that they initially possessed is called a no-trade allocation.
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Question

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A no-trade allocation is one where no agents trade with each other and consume only the goods they have initially possessed.

A Feasible Allocation in Which Agents Consume Exactly the Quantities