Why is it difficult to state categorically that any particular change increases economic wel- fare of society?
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Why is it difficult to state categorically that any particular change increases economic wel- fare of society? What type of change is regarded as desirable in terms of Pareto optimum? Why is this a very restrictive rule?
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Related Book For 
Intermediate Microeconomics
ISBN: 9780155414969
1st Edition
Authors: Robert W. Clower, Philip E. Graves
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