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Pareto optimality is the condition in which a . firms are forced to internalize the effects of all externalities. b . no change is possible
Pareto optimality is the condition in which
a firms are forced to internalize the effects of all externalities.
b no change is possible that will make some members of society better off without making at least one other member of society worse off.
c it is possible to make one person better off without making someone else worse off.
d the distribution of income is equal.
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Using Stata For Principles Of Econometrics
Authors: Adkins, Lee C Adkins, R Carter Hill
4th Edition
111803208X, 9781118032084
