A Competitive Equilibrium Is Pareto Optimal If There Is No

question 9

Multiple Choice

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

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

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Definitions:

Space Occupied

The amount of physical area taken up by a business, product, or equipment in a facility.

Direct Method

A way to prepare a cash flow statement where actual cash flows from operating activities are listed directly.

Custodial Services

Services related to the cleaning and maintenance of buildings and facilities.

Square Feet

A unit of area measurement equivalent to a square that measures one foot on each side.