Economics · Welfare Economics

A situation is Pareto superior to the status quo if:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Total utility is higher irrespective of distribution
2Social welfare function is maximised
3At least one individual is better off and no one is worse off✓
4All individuals are made worse off

Correct answer

At least one individual is better off and no one is worse off

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