Pareto optimum implies
A. A resource allocation for which a Pareto improvement is possible.
B. A resource allocation in which social improvement is possible.
C. A resource allocation for which atleast one is better off and nobody is worse off.
D. A resource allocation for which there are no Pareto improvements.
Answer:D
Pareto optimum implies
A. A resource allocation for which a Pareto improvement is possible. B. A resource allocation in which social improvement is possible. C. A resource allocation for which atleast one is better off and nobody is worse off. D. A resource allocation for which there are no Pareto improvements.