A condition in which no change is possible that will make some members of society better off without making some other members of society worse off is called
A) Pareto optimality.
B) partial equilibrium.
C) general equilibrium.
D) market failure.

Question

Quizplus · Accepted Answer

Pareto optimality is a state where resources are allocated in the most efficient manner, meaning it is impossible to make any one individual better off without making at least one individual worse off. This concept is central to welfare economics and is used to evaluate the efficiency of economic systems and policies.

A Condition in Which No Change Is Possible That Will