If a society relies on competitive markets to allocate goods,then

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In a competitive market, the competitive equilibrium is considered Pareto-superior because it is a situation where no individual or preference criterion can be better off without making at least one individual or preference criterion worse off. This does not guarantee an equitable distribution, but it does ensure that resources are allocated in a way that is efficient from the perspective of the market participants.

If a Society Relies on Competitive Markets to Allocate Goods,then