Examlex
Identify the property illustrated by the statement. Assume all variables represent real numbers.
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Criterion
A standard or principle by which something is judged or decided.
Economic Efficiency
A situation in which resources are allocated in the most beneficial way from the perspective of society, where no one can be made better off without making someone else worse off.
Benefits
Advantages or financial assistance received from employment, government, or insurance, aimed at improving individuals’ well-being.
Costs
The expenses incurred in the production or acquisition of goods and services, including both direct and indirect expenditures.
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