Pareto Efficiency Cannot Be Achieved When

question 153

Multiple Choice

Pareto efficiency cannot be achieved when

• A)price equals marginal benefit.
• B)marginal benefit is the same for all consumers.
• C)marginal cost is the same for all producers.
• D)price equals marginal cost.
• E)marginal benefit exceeds marginal cost.

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Definitions:

Negative Reinforcement

A behavioral strategy where an aversive stimulus is removed following a desired behavior, increasing the frequency of that behavior.

Punishment

A consequence that reduces the likelihood of a behavior occurring in the future, often used in behavior modification strategies.

Positive Reinforcement

A behavioral technique involving the addition of a favorable stimulus following a desired behavior to increase the likelihood of it being repeated.

John Lewis

An American civil rights leader and politician known for his work in voter registration drives, the Civil Rights Movement, and as a U.S. Representative.