Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. what is meant by the claim that a competitive mark

What is meant by the claim that a competitive market equilibrium is Pareto efficient?

80.2K

Verified Solution

Question

Economics

What is meant by the claim that a competitive market equilibriumis Pareto efficient?

Answer & Explanation Solved by verified expert
3.7 Ratings (415 Votes)
Pareto Efficiency implies that there are no other allocations in which some individual can be made betteroff and no individual is worseoff The Claim competitive market equilibrium is Pareto efficient implies    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

An engineer has designed a valve that will regulate water pressure on an automobile engine. The...

Statistics
1.2K views

In the following table, The independent variable is_______________ , and the dependent variable is_____________ What is the...

Civil Engineering
1.2K views

Construction Safety 1. Corporate safety plans, site specific safety plans, and emergency response plans are very long...

Physics
1.2K views

The heating element of an electric fire has a working temperature of 750C, at which...

Physics
1.2K views

13 A 12 V battery is connected between a hollow metal sphere with a radius...

Basic Math
1.2K views

Which statistic mean median or mode is most appropriate in each of the following situation...

Algebra
1.2K views

3 On January 1 Year 1 Mayer Corporation signed a contract to perform 25 000...

Accounting
1.2K views

Express the following comparative income statements in common-size percents. Using the common-size...

Accounting
1.2K views

Please explain how you got the amounts Thank you Required information [The following information...

Accounting
1.2K views

High Country, Incorporated, produces and sells many recreational products. The company has just opened a...

Accounting
1.2K views

Carrie D'Lake, Reed A. Green, and Doug A. Divot share a passion for golf and...

Accounting
1.2K views

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are...