3. Hagrid has a hippogriff and wants a thestral. Sirius has a dragon and wants a hippogriff. Remus has a thestral and wants a dragon. If they trade, the outcome is pareto efficient.
3. Hagrid has a hippogriff and wants a thestral. Sirius has a dragon and wants a hippogriff. Remus has a thestral and wants a dragon. If they trade, the outcome is pareto efficient.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
True or False
![3. Hagrid has a hippogriff and wants a thestral. Sirius
has a dragon and wants a hippogriff. Remus has a
thestral and wants a dragon. If they trade, the
outcome is pareto efficient.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F055f1b23-483e-4301-a2e0-c1b6ed1f644d%2F36303f56-9e19-4dfc-a122-865f2a51931a%2Fnrs0ok_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. Hagrid has a hippogriff and wants a thestral. Sirius
has a dragon and wants a hippogriff. Remus has a
thestral and wants a dragon. If they trade, the
outcome is pareto efficient.
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