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The General Equilibrium Theorem-part 4:

In this clip we use the same tools that we have developed for two consumers and we apply them to producers, and also develop an efficient line (contract curve) for producers. You should be able to see that the consumer equilibrium (and process to reach it) is again analogous to the one for producers. We end up with the 2nd condition for efficiency in our 2x2x2... economy.
Length: 04:07

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