True or false: A society that maintains the status quo is Pareto efficient. O False True

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True or false: A society that maintains the status quo is Pareto efficient. O False True

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Answer 1

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False

Not always true. Governments often favor one group oer the other at the cost of decreasing total surplus, or society might not evaluate or reconise external osts or benefits for a certain production or consumptiton.

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True or false: A society that maintains the status quo is Pareto efficient. O False True

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