The second welfare theorem says that, regardless of how we redistribute endowments in an economy, we still get the same competitive equilibrium if markets are permitted to operate.
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Q1: If the two goods in an Edgeworth
Q2: In the Edgeworth Box, we can set
Q3: If the production technology in a Robinson
Q4: Which of the following is true within
Q6: Which of the following is true about
Q7: Any efficient allocation has to be such
Q8: The First Welfare Theorem holds that the
Q9: A proof by contradiction can only be
Q10: If the endowment allocation in an Edgeworth
Q11: If the two individuals' indifference curves through
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