Economics · Welfare Economics
Suppose Anil and Sunil are at an allocation bundle where their marginal rates of substitution (MRS) are not equal, then:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They are at a Pareto efficient equilibrium
- 2They are outside the Edgeworth box
- 3There are potential gains from exchange✓
- 4There are losses from exchange
Correct answer
There are potential gains from exchange
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