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A state 'A' of the economy is said to be Pareto superior to another state 'B' if at least one person is better off in 'A' than in B' but none is worse off .

If there is no transitive relationship between the points then we have Pareto non-comparability. If neither A is Pareto superior to B nor B superior to A then we have Pareto non-comparability for the states of economy.

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14y ago

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