Please answer all the questions, only take it if you are sure , any references 1)Is Pareto
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Please answer all the questions, only take it if you are sure , any references
1)Is Pareto efficient allocation fair? Is Pareto optimal fair? Is Pareto superior allocation fair?
2.) Average total cost curve include the opportunity cost of the capital that a firm requires in a business
3) What is difference between Pareto efficient , Pareto optimal and Pareto superior ?
4) under the perfect competitive firm, it would produce the min point of the long run average cost curve? and why?\
5) for a monopolist competitive firm, it would produce the min point of the long run average cost curve? and why?
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