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Ao9 Ao9
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8 years ago
The first fundamental theorem of welfare economics states that
A) under certain conditions, a Pareto optimum is a competitive equilibrium.
B) a competitive equilibrium is always Pareto optimal.
C) under certain conditions, a competitive equilibrium is Pareto optimal.
D) a Pareto optimum is always a competitive equilibrium.
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Macroeconomics

Macroeconomics


Edition: 5th
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
You're sharp, thanks!
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#3
8 years ago
Glad to help...
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