In an edgeworthbox of an economy do the following1-sketch a, Ask an Expert

Economics

In an edgeworthbox of an economy, do the following

1-sketch a situation where preferences is not convex not strictly monotonic and there is no walraisian equilibrium.

2-sketch a situation where preferences is not convex not strictly monotonic yet walraisian equilibrium exist.

3- repeat (1) and (2), but this time assume preferences are not continuous.

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Microeconomics, Economics

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