When a proposed change results in some parties benefiting and others incurring losses, but the total benefits outweigh the total losses, how is this change described?

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Explanation

If a change causes both gains and losses but the overall gains exceed the losses, the change is considered potentially efficient. It is not necessarily Pareto optimal since not everyone benefits, but it indicates a net positive outcome.

When a proposed change results in some parties benef… — Markets, Efficiency And The Public Interest | PakQuizHub