Pareto optimality states a change is
efficient as long as at least one person is better off and no people are worse
off as a result of that change. This has been the notion behind the break-up of
many monopolies. Advocates believe consumers are better off if monopolies are
separated into smaller, competing companies. Write a one page response that answers the following questions:
Do you think consumers are really better off as a
result of monopoly break-ups?
Are monopolies really that bad for society?
Do you feel that companies that operated as monopolies
are better off as a result of the break-ups?
How these questions relate to Pareto optimality?
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