A Competitive Equilibrium May Fail to Be Pareto-Optimal Due to

question 2

Multiple Choice

A competitive equilibrium may fail to be Pareto-optimal due to

• A)government intervention.
• B)social efficiency.
• C)inequality.
• D)externalities.
• E)profit maximizing firms.

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Definitions:

Central Nervous System

Comprises the brain and spinal cord, responsible for processing information and controlling the majority of functions of the body and mind.

Vertebral Posterior Arch

The portion of a vertebra that encapsulates and protects the spinal cord, forming the backside of the spinal canal.

Drowsiness

A feeling of being sleepy and lethargic, often leading to a decreased level of consciousness.

Nervous System

A complex network of nerves and cells that transmit signals between different parts of the body.