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Pareto efficiency

<p>Jun 25, 2012 06:30 PM

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efficient allocation of goods/ capital....

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they give an example of dismantling a monopoly...

even if you compensate monopoly for its loss (in breaking it up),

society may be better off because of resulting competition btwn

more corporations.

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also see guns and butter diagram &#160;( more of each is better in this

example... as opposed to instances in which one

good can only be increased at the expense of the other).</p>

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