Economics · Welfare Economics
According to the Second Fundamental Theorem of Welfare Economics:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Government intervention always fails
- 2Competitive markets result in equity
- 3Any Pareto optimal point can be achieved via lump-sum transfers✓
- 4Markets are always efficient
Correct answer
Any Pareto optimal point can be achieved via lump-sum transfers
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