An indifference curve represents a set of possible consumption outcomes,which yields equal utility to the individual.

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This statement accurately describes the definition of an indifference curve in microeconomic theory. The curve represents all possible combinations of two goods that would provide the same level of satisfaction or utility to the consumer. The slope of the curve indicates the marginal rate of substitution between the two goods.

An Indifference Curve Represents a Set of Possible Consumption Outcomes,which