Multiple Choice
If efficiency has been attained,
A) it will be possible to make any one person better off without harming another.
B) it will not be possible to make any one person better off without harming another.
C) perfect competition must exist.
D) the opportunity cost of any change in resource use must be zero.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which of the following is a normative
Q4: Pareto efficiency between two consumers is achieved:<br>A)only
Q5: Eggs are sold in a perfectly competitive
Q6: A move from an inefficient resource allocation
Q7: If the efficient output of a good
Q9: Government regulations that require airlines to serve
Q10: When comparing the allocation of two goods
Q11: If the marginal social benefit of a
Q12: If the marginal social benefit of smoke
Q13: Monopoly power causes losses in efficiency because