A state of equilibrium for an organism that is the optimal condition. For example, mammals regulate body heat so as not to become overheated or too cold.
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Occurs when one party’s position can not be improved without loss to the other party. For example, in negotiations, that would the point where the terms are optimized for both parties such that it can not be improved further without loss to either side. A Pareto improvement is when something can be improved without loss and Pareto dominated is when there is a possible Pareto improvement.