Question: Which of the statement / s below is / are correct: A pareto - efficient agreement is . . . a ) an agreement is

Which of the statement/s below is/are correct:
A pareto-efficient agreement is...
a) an agreement is reached in which both parties reach their aspiration level.
b) there is no other agreement that would make any party better off without decreasing the outcomes of any other party.
c) the agreement reached falls within the positive bargaining zone.
d) the agreement is reached only after parties have exhausted all possible alternatives.

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