Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

At what point is Pareto efficiency achieved?

  • Aat a level of output that is productively and allocatively efficient
  • Bwhen everyone has equal amounts of goods and services
  • Cwhen social benefits are greater than private benefits
  • Dwhen social marginal benefit is greater than social marginal cost

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI