A Competitive Equilibrium Is Pareto-Optimal If There Is No Way

question 50

Multiple Choice

A competitive equilibrium is Pareto-optimal if there is no way to rearrange or to reallocate goods so that

• A)no one can be made worse off.
• B)someone can be made better off without making everyone else worse off.
• C)anyone can be made better off.
• D)someone can be made better off without making someone else worse off.
• E)everyone is made better off.

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Definitions:

Primary Responsibility

The main duty or obligation that an individual or entity is expected to perform or uphold.

Regulate Distress

The process of managing and mitigating emotional or psychological stress through various techniques or interventions.

Adaptive Approach

A method or strategy that emphasizes flexibility and the ability to change or adjust in response to the environment, challenges, or circumstances.

Adaptive Challenges

Complex problems that require new learning, innovation, and changes in people's values, beliefs, and behaviors.