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So the question is this:
Perfectly Competitive market
2 identical consumers
PPF is y=100-x^2
U = x^0.5 * y^0.5 for both of the consumers
Is PX/PY = 1 an equilibrium price? Why or why not?
Whats the total amount of x and the total amount of y and the Py/Px that achieves allocative efficiency?
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