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Which statement is false? O In general equilibrium, an allocation is feasible if the total amount of each good consumed is equal to the total amount available. O Walras law implies that in an economy with two goods, if demand equals supply in one market then demand must equal supply in the other market. The First Fundamental Theorem of Welfare Economics requires that in a competitive equilibrium, the socially desirable outcome is achieved. O In a pure exchange economy, if one consumer has a utility function of U = min{x,y}, it is not necessarily the case that the MRS for each consumer will be equal in the competitive equilibrium outcome