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  3. Study Set
    Principles of Microeconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
  5. Question
    A ________ System Is One in Which All Possible Trades
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A ________ System Is One in Which All Possible Trades

Question 12

Question 12

Multiple Choice

A ________ system is one in which all possible trades that make some societal members better off without making others worse off have been exhausted.


A) Pareto maximized
B) Pareto optimal
C) market
D) general equilibrium

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