Economics · Pareto Efficiency & Public Goods
Consider the following conditions required for achieving Pareto efficiency in an economy: I. Absence of market imperfections and monopoly power. II. Absence of production externalities. III. Absence of consumption externalities. IV. Presence of pure public goods in consumption. Which of the above conditions are necessary for pure Pareto optimality in a market system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1I, II and III only✓
- 2II, III and IV only
- 3II and III only
- 4I and II only
Correct answer
I, II and III only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Pareto Efficiency & Public Goods MCQs →Want more practice questions on Pareto Efficiency & Public Goods?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Pareto Efficiency & Public Goods