FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

When considering trade of two goods between Ann and Bob, if both have preferences that satisfy "more is better, "then

it is always Pareto efficient to give all of both goods to Ann.

it is always Pareto efficient to split the two goods equally between Ann and Bob.

both of the above are true.

none of the above are true.

 

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