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Economics In an Edgeworth box, suppose that the preferences of the two consumers are represented by lines (and not curves) with different marginal rates of
Economics In an Edgeworth box, suppose that the preferences of the two consumers are represented by lines (and not curves) with different marginal rates of substitution (the slopes of the lines are different). In this case, the competitive market equilibrium is necessarily: A. On the price line that goes through the initial endowment B. an allocation with all units of one good for one consumer, and all units of the other good for the other consumer C. impossible to find D. the initial endowment E. an allowance on the edges of the Edgeworth box Please explain why the incorrect options are incorrect along with a detailed explanation of correct
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