Pareto Efficiency Is Defined as a State Where

question 72

Multiple Choice

Pareto efficiency is defined as a state where

• A)poverty does not exist.
• B)no one can possibly be made worse off.
• C)everyone can benefit from a change.
• D)no one can benefit from a change without someone being harmed.
• E)the lowest cost of production is achieved.

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Definitions:

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