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| Q. |
Interms of economics, if it is possible to make someone better off without making someone worse off, then the situation is - |
| A. | Inefficient |
| B. | Efficient |
| C. | Optimal |
| D. | Paretosuperior |
| Answer» A. Inefficient | |
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Explanation: Pareto efficiency is said to occur when it is impossible to make one party better off without making some-one worse off. An inefficient situation is one where it possible to make some people better off without making anyone else worse off. |
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