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Home Q & A Board Other Fields Homework Help Business Economics
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ice5192 ice5192
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6 years ago
The first fundamental theorem of welfare economics states that
A) under certain conditions, a competitive equilibrium is Pareto-optimal.
B) a competitive equilibrium is always Pareto-optimal.
C) under certain conditions, a Pareto optimum is a competitive equilibrium.
D) a Pareto optimum is always a competitive equilibrium.
E) a Pareto optimum does not have to be a competitive equilibrium.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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Blade73Blade73
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6 years ago
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ice5192 Author
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6 years ago
Thanks!
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