Question: 1. Evaluate this statement: The only time that a change in resource allocation clearly increases social welfare is when the change represents a 'win-win' situation.

1. Evaluate this statement: "The only time that a change in resource allocation clearly increases social welfare is when the change represents a 'win-win' situation." 2. What is wrong with this statement: "Whenever an industry fails to achieve allocative efficiency by producing too little output, a shortage arises

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