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It may be society's interest to choose seemingly inefficient allocations of resources over efficient ones if the truly optimal allocation is unattainable. Graphically show a

"It may be society's interest to choose seemingly inefficient allocations of resources over efficient ones if the truly optimal allocation is unattainable." Graphically show a simple scenario where this statement holds and discuss how a welfare improvement criterion can help the society move to a more efficient allocation based on your simple scenario (2.5 pts)

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