Multiple Choice
Pareto optimality is the condition in which
A) the distribution of income is equal.
B) no change is possible that will make some members of society better off without making at least one other member of society worse off.
C) firms are forced to internalize the effects of all externalities.
D) it is possible to make one person better off without making someone else worse off.
Correct Answer:
Verified
Correct Answer:
Verified
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