(Answered) Question assume a finite state of economy with three states

Economics

Question: Assume a finite state of economy with three states whose payoff matrix is given by

X = $30 $ 20 $ 10 $20 $15 $0

1) what are the payoffs of the finite asset?

2) is the third asset redundant and why?

3) is the second asset redundant and why?

4) is the market complete?

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Microeconomics, Economics

Category:- Microeconomics
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