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True or false.Justify your answer 1- The Arrow impossibility theorem says that the only wayto make eficient and rational social choices that satisfy Independence of
True or false.Justify your answer
1- The Arrow impossibility theorem says that the only wayto make eficient and rational social choices that satisfy Independence of Irrelevant Alternatives is to let adictator make decisions.
2- If anallocation is not in thecore,than some group of agents have incentives to split and do the project on their own
3- The egalitarian criteria,as the name suggests, always proposes to share resources equally.
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