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The condition in which the economy is producing what people want at least possible cost pareto efficiency; pareto optimality A condition in which no change is possible that will make some members of society better off w/o making some other members of society worse off. pareto efficient change makes at least one party better off and no party worse off.
The algorithm may very well take less time on some inputs of size n, but it doesn't matter. If an algorithm takes T(n)=c*n2+k steps on only a single input of each size n and only n steps on the rest, we still say that it is a quadratic algorithm. A popular alternative to worst-case analysis is average-case analysis.here may even be some situations in which the constant is so huge in a linear algorithm that even an exponential algorithm with a small constant may be preferable in practice. This is a valid criticism of asymptotic analysis and big-O notation.