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November 25, 2014

Homework Help: Microeconomics - Pareto Efficient

Posted by Anonymous on Friday, December 11, 2009 at 9:59am.

Are all markets with deadweight loss pareto inefficient (including quotas, rent control, taxes, tarriffs, monopoly (unless there is price discrimination), oligopoly cournot model, oligopoly bertrand model and oligopoly stackleberg model)?

Am I right? I think that pareto efficient means the firms realize all potential gains and the markets that I've listed above do not realize all the outcomes (not sure if oligopolies are considered pareto inefficient though because of the incentive to cheat).

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