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A competitive equilibrium may fail to be Pareto optimal due to all of the following except
Parsimonious Theory
A theory that explains phenomena in the simplest way possible, using the fewest possible assumptions or variables.
Scientists
Professionals engaged in systematic activities to acquire knowledge that describes and predicts the natural world, typically through observations and experiments.
Correlation
A statistical measure that describes the size and direction of a relationship between two or more variables.
Changes Observed
Alterations or variations that have been noticed or recorded in a particular condition or situation over time.
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