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Suppose you are shopping at a farmers' market at 4:59 p.m.It closes at 5 p.m.At the end of the day, the farmer will have to discard her lettuce.The price of the lettuce is $2.50.You are willing to pay $1.00 for the lettuce.What is the Pareto optimal price for the lettuce?

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Suppose you are shopping at a farmers' market at 4:59 p.m.It closes at 5 p.m.At the end of the day, the farmer will have to discard her lettuce.The price of the lettuce is $2.50.You are willing to pay $1.00 for the lettuce.What is the Pareto optimal price for the lettuce?





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