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Dene competitive equilibrium. Suppose that Alice is endowed with 10 units of both good 1 and good 2, and Bob with 10 units of both
Dene competitive equilibrium. Suppose that Alice is endowed with 10 units of both good 1 and good 2, and Bob with 10 units of both good 1 and good 2 as well. Find the competitive equilibrium for this economy (Let good 1 be the numeraire)
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Labor Economics
Authors: George J. Borjas
6th edition
73523208, 2900073523209 , 978-0073523200
