

MCQOPTIONS
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1. |
Which among the following is NOT an assumption of Pareto optimality? |
A. | Every consumer wishes to maximize his level of satisfaction |
B. | All the factors of production are used in the production of every commodity. |
C. | Conditions of perfect competition exist making all the factors of production perfectly mobile |
D. | The concept of utility is cardinal and cardinal utility function of every consumer is given. |
Answer» E. | |