In Pareto welfare economics, Efficiency of distribution of commodities among consumers is related to
A)efficiency in production
B)efficiency in exchange
C)efficiency in product-mix
D)All of the above

Question

Quizplus · Accepted Answer

Efficiency in exchange refers to the optimal distribution of goods among consumers, where no one can be made better off without making someone else worse off, aligning with Pareto efficiency in distribution.

In Pareto Welfare Economics, Efficiency of Distribution of Commodities Among