The marginal conditions must be satisfied for the attainment of a Pareto-efficient situation in an economy :

Question

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All the conditions mentioned - efficiency in exchange, efficiency of production, and efficiency in the product-mix or composition of output - must be satisfied for the attainment of a Pareto-efficient situation in an economy. This ensures that resources are allocated in the most efficient way possible, where no individual can be made better off without making someone else worse off.

The Marginal Conditions Must Be Satisfied for the Attainment of a Pareto-Efficient