All three conditions must be satisfied An economy attains a fully efficient static allocation of resources if the conditions given by equations 4.3, 4
{"Image DocumentName": "All three conditions must be satisfied", "Image ImageDescription": "An economy attains a fully efficient static allocation of resources if the conditions given by equations 4.3, 4.4 and 4.5 are satisfied simultaneously. The results readily generalise to economies with many inputs, many goods and many individuals. The only difference will be that the three efficiency conditions will have to hold for each possible pairwise comparison that one could make.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}