What does the term "Pareto efficiency" mean in game theory?
a) All players receive equal payoffs
b) No player can be made better off without making another player worse off
c) The strategy is dominant
d) The game is zero-sum
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What does the term "Pareto efficiency" mean in game theory?
a) All players receive equal payoffs
b) No player can be made better off without making another player worse off
c) The strategy is dominant
d) The game is zero-sum
b) No player can be made better off without making another player worse off