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2. How can relative output prices in perfect competition be determined from the ppf? In an efficient economy, what is the relationship between the MRT

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2. How can relative output prices in perfect competition be determined from the ppf? In an efficient economy, what is the relationship between the MRT and MRS of consumers? Explain whether and why a competitive market is efficient in this way. That is, if it is show how a competitive economy results in the MRS of consumers being equal to the slope of the PPF

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