A competitive equilibrium may fail to be Pareto optimal due to
A) inequality.
B) externalities.
C) social efficiency.
D) profit maximizing firms..
E) government intervention.
Correct Answer:
Verified
Q30: The concept of Pareto optimality is a
A)
Q31: A Pareto optimum
A) can be found in
Q32: The presence of a distorting tax on
Q33: A Pareto optimum is a point that
A)
Q34: A competitive equilibrium is Pareto optimal if
Q36: Much of the writings of Adam Smith
Q37: An increase in government spending shifts the
Q38: The marginal rate of transformation is equal
Q39: An increase in government spending
A) increases consumption,
Q40: A Pareto optimum requires
A) 
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