first best (0 synonym found)

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Definition of first best:

(n) : (economics) A situation where all optimality conditions are satisfied.
(adj) : (economics) Characterized by all optimality conditions being satisfiable.

Definition of first best:

(n) : (economics) A situation where all optimality conditions are satisfied.
(adj) : (economics) Characterized by all optimality conditions being satisfiable.

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