Question: 1) What does Pareto preferred mean? give examples please 2) What is the difference between Pareto efficient and Pareto optimal ? is the Pareto efficient

1) What does Pareto preferred mean? give examples please

2) What is the difference between Pareto efficient and Pareto optimal ? is the Pareto efficient does not imply fairness and Pareto optimal imply fairness?

Give examples please

you make make any references as you wish, step by step explanations and address all the parts, take it if you are confident you can explain them , otherwise I cant vote! thanks

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