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Which is the best definition of efficiency? when nobody can be made better off without making someone worse off when everyone can be made better
Which is the best definition of efficiency?
when nobody can be made better off without making someone worse off when everyone can be made better off by using resources more wisely when everybody is as well off as possible when the only way somebody can be made better off is by making another better off when somebody can be made better off without making someone worse off
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