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In the Lagos-Wright monetary model, which of the following is true about a Pareto optimal allocation? A.Buyers get all the consumption goods. B.The marginal utility
In the Lagos-Wright monetary model, which of the following is true about a Pareto optimal allocation?
A.Buyers get all the consumption goods.
B.The marginal utility of consumption for the buyer equals one.
C.The utility level of the buyer equals that of the seller.
D.Consumption is equal among buyers and sellers.
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