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Business, 26.03.2021 01:00 vanessagomezcx

Find a competitive equilibrium and verify that it is individually rational and Pareto efficient. Is it envy-free? Prove your assertion. b. Alternatively, find a competitive equilibrium from equal division and verify that it is envy-free and Pareto efficient. Is it individually rational (relative to the initial allocation  = ((9,12),(3,6)))? Prove your assertion. c. Are the following net trades from  envy-free? Prove your assertion.

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Find a competitive equilibrium and verify that it is individually rational and Pareto efficient. Is...
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