Examlex
John will likely experience REM rebound tonight if he:
Pareto Optimal
A distribution state of resources where no adjustment can be made to better the position of any individual or evaluation criterion without negatively affecting another.
Consumption Externalities
The impact of one's consumption activities on the welfare of others that is not reflected in market prices, either positive or negative.
Competitive Equilibrium
A market state where supply equals demand, ensuring that every buyer and seller is satisfied at the current price.
Contract Curve
In economics, it's the locus of points representing the final allocation of goods or resources that cannot be improved upon from the perspective of any individual without worsening the condition of another, particularly referenced within the Edgeworth box for pure exchange economies.
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