If either player is receiving his maximum payoff,then that outcome is Pareto optimal.

Name: If either player is receiving his maximum payoff,then that outcome is Pareto optimal.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Pareto optimality occurs when there is no other outcome in which one player can receive a higher payoff without decreasing the payoff of the other player. If either player is receiving their maximum payoff, then changing the outcome would lead to a decrease in their payoff and thus, it is Pareto optimal.

If Either Player Is Receiving His Maximum Payoff,then That Outcome