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Which of the following is not necessary for the existence of Pareto optimality?

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Which of the following is not necessary for the existence of Pareto optimality?

Which of the following is not necessary for the existence of Pareto optimality?
A) The market price of each good must be the same to all customers
B) Production must occur at the lowest possible cost
C) Each consumer must be free to maximize his or her utility
D) The output price must be set above marginal cost so that each firm can earn a normal profit

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Microeconomics

Microeconomics

Edition: 2^nd

Author: James

Read 51 times

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Brilliant ツ

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