Competitive Trading

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August 31, 2024 3 min read Definitions
Edgeworth Box: Graphical Device for Resource Allocation
Economics Finance Resource Allocation Pareto Efficiency Competitive Trading General Equilibrium Economic Efficiency
The Edgeworth Box is a graphical representation used in economics to illustrate the allocation of resources in a two-consumer, two-good economy, showcasing Pareto-efficient allocations and competitive trading outcomes.
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