Why does efficiency in consumption require the MRS of all consumers to be the same?

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:25 AM

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Why does efficiency in consumption require the MRS of all consumers to be the same?

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If the MRS were different then the two parties could gain ...View the full answer

Microeconomics and Behavior

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