Multiple Choice
A situation is efficient if it is:
A) possible to find a transaction that will make at least one person better off, even if others are made worse off.
B) possible to find a transaction that will make everyone better off.
C) possible to find a transaction that will make at least one person better off without harming others.
D) not possible to find a transaction that will make at least one person better off without harming others.
Correct Answer:
Verified
Correct Answer:
Verified
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