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Refer to the Information Provided in Figure 18

Question 94

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Refer to the information provided in Figure 18.1 below to answer the questions that follow. Refer to the information provided in Figure 18.1 below to answer the questions that follow.   Figure 18.1 -Refer to Figure 18.1. In order to reach point A or any other point on the utility possibilities frontier, ________. A)  all the assumptions of perfectly competitive market theory must hold B)  the government must redistribute income between Molly and Pam C)  the initial endowments of wealth, skills, etc. between Molly and Pam must be equitable D)  the distributions of income and wealth must be equitable Figure 18.1
-Refer to Figure 18.1. In order to reach point A or any other point on the utility possibilities frontier, ________.


A) all the assumptions of perfectly competitive market theory must hold
B) the government must redistribute income between Molly and Pam
C) the initial endowments of wealth, skills, etc. between Molly and Pam must be equitable
D) the distributions of income and wealth must be equitable

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