Economics · Welfare Economics
Which fundamental theorem of welfare economics states that any general competitive equilibrium leads to a Pareto optimal allocation of resources?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Coase Theorem
- 2Both First and Second Fundamental Theorems
- 3Second Fundamental Theorem of Welfare Economics
- 4First Fundamental Theorem of Welfare Economics✓
Correct answer
First Fundamental Theorem of Welfare Economics
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