Answer to Question #108967 in Microeconomics for ravi

Question #108967
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
1
Expert's answer
2020-04-13T08:58:16-0400

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


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