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Pareto optimality

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pareto efficiency economics efficiency utility allocation resource equilibrium welfare optimization tradeoff distribution surplus market competition game theory nash equilibrium social welfare utility function production consumption scarcity opportunity cost marginalism optimal maximum minimum benefit cost incentive exchange trade bargaining cooperation conflict strategy payoff deadweight loss equity fairness justice wealth income output input constraint feasibility vector scalar function variable parameter model analysis theory axiom theorem proof logic rationality preference indifference curve macroeconomics microeconomics econometrics

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