A situation in which it is impossible to make anyone better-off without making someone worse-off is said to be
A)bentham Optimal
B)Pareto-optimal
C)Hicks Optimal
D)Bergson Optimal

Question

Quizplus · Accepted Answer

Pareto-optimal, or Pareto efficiency, is a state where no individual or preference criterion can be better off without making at least one individual or preference criterion worse off. This concept is a fundamental idea in the field of economics and game theory, relating to efficiency and welfare economics.

A Situation in Which It Is Impossible to Make Anyone