Economics (AS & A Level) · Oct / Nov 2022 · Paper 33 · Question 1
9708Efficiency and market failure
When is Pareto efficiency achieved?
- Aat a level of output that is productively and allocatively efficient
- Bwhen everyone has equal amounts of goods and services
- Cwhen social benefits are greater than private benefits
- Dwhen social marginal benefit is greater than social marginal cost
As printed in the paper
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Correct answer: A. at a level of output that is productively and allocatively efficient
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