A Competitive Equilibrium May Fail to Be Pareto Optimal Due

question 34

Multiple Choice

A competitive equilibrium may fail to be Pareto optimal due to all of the following except

• A) inequality.
• B) externalities.
• C) distorting taxes.
• D) non-price-taking firms.

Use percentages to find an original amount before a percentage increase.

Determine the percentage of one quantity relative to another.

Calculate the earnings or fees based on a combination of fixed amounts, per unit amounts, and percentages.

Calculate original prices before a mark-up or margin.