16.8 Use the simple two-good model of general equilibrium pricing developed in this chapter to illustrate a
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16.8 Use the simple two-good model of general equilibrium pricing developed in this chapter to illustrate a situation in which there will be two equilibrium price ratios by relaxing the assumption that the production possibility frontier is concave. Explain your result intuitively.
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Related Book For 
Microeconomic Theory Basic Principles And Extensions
ISBN: 9780030335938
8th Edition
Authors: Walter Nicholson
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