Another name for an efficient allocation is a(n0
A) Pareto-optimal allocation
B) Edgeworth-optimal allocation
C) Nash-optimal allocation

Name: Another name for an efficient allocation is a(n0 A) Pareto-optimal allocation B) Edgeworth-optimal allocation C) Nash-optimal allocation
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Question

Quizplus · Accepted Answer

A Pareto-optimal allocation is another term for an efficient allocation, where no individual can be made better off without making someone else worse off.

Another Name for an Efficient Allocation Is A(n0