Which of the Following Conditions Must Be Met Before the Combination

question 86

Multiple Choice

Which of the following conditions must be met before the combination of goods produced in society can be considered efficient?

• A)Pareto- improving moves are impossible.
• B)The output of at least one good must be maximized.
• C)The bundle of goods is within the production possibilities frontier.
• D)All consumers are equally well off.

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Definitions:

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