The Pareto optimality concept is _____. a. equivalent to the ...

[justinmsk]

The Pareto optimality concept is _____.
 
  a. equivalent to the concept of economic efficiency
  b. equivalent to Pareto superiority
  c. equivalent to utilitarianism
   d. equivalent to cost-benefit analysis

Question 2

Market exchange assumes that _____.
 
  a. there are no monopolies
  b. prisoner dilemmas are nonexistent
  c. parties to the exchange have well-defined property rights
   d. the public sector is failing its job

[scrocafella]

Answer to Question 1

a

Answer to Question 2

c

[justinmsk]

YES! Correct, THANKS for helping me on my review

[hramirez205]

Thanks for the timely response, appreciate it