Comparing the potential ideas produced during the brainstorming phase against one another is the fourth and last stage of the integrative negotiating process. The viability of each alternative may be assessed using a variety of factors.
The concept of Pareto optimality, also known as Pareto efficiency, is widely applied in economics. It represents a condition in which there are no more ways to increase society's well-being through resource reallocation that benefits at least one individual without harming another.
In order for a market equilibrium to produce Pareto Optimality, three requirements must be satisfied. These three requirements can be studied more formally as follows. Exchange efficiency, production efficiency, and output efficiency are the three that should exist.
To learn more on Pareto Optimality
https://brainly.com/question/28288580
#SPJ4
