An outcome is Pareto efficient if

Related MCQs

• The marginal conditions must be satisfied for the attainment of a Pareto-efficient situation in an economy :
• The set of all Pareto efficient allocations in an Edgeworth box diagram is called the
• Movement from an inefficient allocation to an efficient allocation in the Edgeworth Box will
• To reach an economically efficient output level, the size of an excise tax imposed on a firm generating a negative externality should be