Is it possible to have a Pareto efficient allocation where everyone is worse off than they are

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Is it possible to have a Pareto efficient allocation where everyone is worse off than they are at an allocation that is not Pareto efficient?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:46 AM

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Is it possible to have a Pareto efficient allocation where someone is worse off than he is at an allocation that is not Pareto efficient?
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Is it possible to have a Pareto efficient allocation where everyone is worse off than they are

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No For this would mean that at th...View the full answer

Intermediate Microeconomics

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