The concept of Pareto optimality is a

Question

Quizplus · Accepted Answer

Pareto optimality is a concept that relates to the idea of economic efficiency. It suggests that a situation is Pareto efficient if there is no way to make one individual better off without making another individual worse off. In other words, it implies that resources are allocated in the most efficient way possible, given the available constraints. It does not necessarily guarantee economic equality, nor does it go against the desire for efficiency - it simply provides a framework for analyzing the efficiency of economic outcomes. Hence, option C is the correct answer.

The Concept of Pareto Optimality Is a