In a two-good world, every allocation would be efficient only if:
a. both individuals were identical.
b. both individuals regard the two goods as perfect substitutes.
c. both individuals were identical and regard the two goods as perfect complements.
d. both individuals were identical and regard the two goods as perfect substitutes.
d
Economics
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Refer to the scenario above. Which of the following problems arises in this scenario?
A) Low transaction costs B) The free-rider problem C) Moral hazard D) A negative externality
Economics
Examples of incentive pay include
a. allowing employees a certain number of personal days b. providing onsite parking for employees c. cleaning the worksite with weekly janitorial service d. prizes to the employee team to win a project goal tournament
Economics