Answer to Question #108967 in Microeconomics for ravi

Question

Which following is not true about CORE?
a. Core is always well-defined and follows weak linear equalities
b. Core cannot be empty
c. Set of feasible allocations that cannot be improved upon by a subset or a coalition of the
economy's consumers.
d. Core is closed and convex

Answer 1

a. Core is always well-defined and follows weak linear equalities