Welfare Economics - Pareto efficiency by ClassOf1

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  Document Description:
  Here we will find Pareto efficiency as well as explanations with Edge worth box.
                Sub: Economics



              Question:
              The President has observed that the current distribution of health care and education in the
              country is wasteful. Use an Edge worth Box to show 1) this inefficiency and 2) how a Pareto
              Superior allocation can be achieved that will help some people without hurting others. Make
              sure you define efficiency and Pareto Superiority.

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