Pareto optimality is equivalent to:
A)a certain economic outcome.
B)an utopian economic outcome.
C)what Wilfredo Pareto deemed as optimal.
D)economic efficiency.

Question

Quizplus · Accepted Answer

Pareto optimality is also known as Pareto efficiency, which means that no one can be made better off without making someone else worse off. This concept is often used in economics to define an optimal allocation of resources that maximizes overall economic efficiency.

Pareto Optimality Is Equivalent To