Which of the following are examples of pareto-efficient, Ask an Expert

Economics

Which of the following are exs of Pareto-efficient changes? describe your answers.

a. Cindy trades her laptop computer to Bob for his old car.

b. Competition is introduced into the electric industry, and electricity rates drop. A study shows that benefits to consumers are larger than the lost monopoly profits.

c. A high tax on wool sweaters deters buyers. The tax is repealed.

d. A federal government agency is reformed, and costs are cut 23 percent with no loss of service quality.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M967485

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