Economics · Market Structure
Why does perfect competition guarantee a Pareto-optimal distribution of goods between two people? Under perfect competition:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Goods are not homogeneous
- 2Everyone consumes the same quantity of both goods
- 3Everyone faces the same prices✓
- 4Everyone has the same preferences
Correct answer
Everyone faces the same prices
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