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Lecture 2:  Competitive Equilibrium Lecture 2:  Competitive Equilibrium

Lecture 2: Competitive Equilibrium - PowerPoint Presentation

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Uploaded On 2018-11-03

Lecture 2: Competitive Equilibrium - PPT Presentation

Readings Leach Chapters 2 and 3 Competitive Equilibrium Q What kinds of social arrangements cause private self interests to become aligned with the public collective interest   A Adam Smiths central thesis in the Wealth of Nations ID: 711678

price equilibrium market competitive equilibrium price competitive market allocation ale endowment pareto bread efficient optimal excess theorem point demand

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