Construct the exchange table for this economy
Construct the exchange table for this economy
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Mathematics
An economy has three sectors: A, B, C. Sector A sells 20% of its output to B and 30% to C and retains the rest. Sector B sells 30% of its output to A and 40% to C and retains the rest. Sector C sells 50% of its output to A and 30% to B and retains the rest.
a) construct the exchange table for this economy.
b) Find a set of equilibrium prices for this economy.