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Second best
Meaning
Adj
●
Inferior to the best (but better than other alternatives).
●
In Economics:
Characterized by one or more
optimality
conditions
not being satisfiable.
Noun
●
Something (or someone) that is
inferior
to the best (but better than other alternatives).
●
In Economics:
A
situation
where one or more
optimality
conditions
cannot be satisfied.
Sourced from
Wiktionary
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