Question: Suppose that we say that an allocation x is socially preferred to an allocation y only if every one prefers x toy. (This is sometimes
Suppose that we say that an allocation x is socially preferred to an allocation y only if every one prefers x toy. (This is sometimes called the Pareto ordering, since it is closely related to the idea of Pareto efficiency.) What shortcoming does this have as a rule for making social decisions?
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