Jack is asked to decide how to divide three apples and three oranges among three persons. Read the following statements regarding Pareto efficient allocations and select the correct one.

Question

Accepted Answer

Assuming that one of the three likes both apples and oranges, there is no possible Pareto improvement to an allocation in which he has all the apples and oranges.

Answer

Assuming that at least one of them likes both apples and oranges, a Pareto efficient allocation may not exist.

Answer

There cannot be more than one Pareto efficient allocation.

Answer

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Jack is asked to decide how to divide three apples and three oranges among three...

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