In an Edgeworth box economy, do the following: (a) Sketch a situation where preferences are neither convex
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In an Edgeworth box economy, do the following: (a) Sketch a situation where preferences are neither convex nor strictly monotonic and there is no Walrasian equilibrium. (b) Sketch a situation where preferences are neither convex nor strictly monotonic yet a Walrasian equilibrium exists nonetheless. (c) Repeat parts (a) and (b), but this time assume preferences are not continuous.
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