(a)It is an analytical tool employed by economists that suggests that multiple markets in a competitive economy are simultaneously in equilibrium
(b)It is an analytical tool employed by economists that exposes the relationships between multiple markets in an economy
(c)It is an analytical tool employed by economists that focuses on the functioning of single markets in an economy
(d)None of the above
Which of the following statements about general equilibrium analysis is false ?
(c)It is an analytical tool employed by economists that focuses on the functioning of single markets in an economy
';general'; means all markets, which implies there is more than one market.
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