-
In terms of economics, if it is possible to make someone betteroff without making someone worseoff, then the situation is
-
- Inefficient
- Efficient
- Optimal
- Paretosuperior
- Inefficient
Correct Option: A
Pareto efficiency is said to occur when it is impossible to make one party better off without making someone worse off.An inefficient situation is one where it possible to make some people better off without making anyone else worse off.
