Evaluate this statement: “The only time that a change in resource allocation clearly increases social welfare is when the change represents a ’win-win’ situation.” What is wrong with this statement:...

Evaluate this statement: “The
only
time that a change in resource allocation clearly increases social welfare is when the change represents a ’win-win’ situation.” What is wrong with this statement: “Whenever an industry fails to achieve allocative efficiency by producing too little output, a shortage arises.”