Question
If it is possible to redistribute an initial allocation in a way that makes an economic agent better off without making any other agent worse
If it is possible to redistribute an initial allocation in a way that makes an economic agent better off without making any other agent worse off, then the initial allocation must be
Group of answer choices
Pareto efficient
Pareto inefficient
Pareto improving
none of the other choices are correct
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Microeconomics
Authors: Dean S. Karlan, Jonathan J. Morduch
2nd edition
1259813337, 1259813339, 978-1259813337
