Assertion (A): Compared to a certain point on the contract curve, a point off/above the contract curve is efficient. Reason (R): The contract curve represents the locus of points where the marginal rate of substitution between two goods is the same for both individuals.

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Economics · Welfare Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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A is incorrect, but R is correct

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