menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: Consumers, producers, and the Efficiency of Markets
  5. Question
    When Does Inefficiency Exist in an Economy
Solved

When Does Inefficiency Exist in an Economy

Question 22

Question 22

Multiple Choice

When does inefficiency exist in an economy


A) when a good is distributed fairly among buyers
B) when a good is not distributed fairly among buyers
C) when a good is not being produced by the lowest-cost producers
D) when a good is being consumed by buyers who value it most highly

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: Janine would be willing to pay $100

Q18: Suppose there is an early freeze in

Q19: Figure 7-6<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 7-6 ​

Q20: Figure 7-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 7-5

Q21: Market demand is given as Q<sub>D </sub>=

Q23: Figure 7-6<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 7-6 ​

Q24: Roger produces computer boards.His production cost is

Q25: When does efficiency occur<br>A)when total surplus is

Q26: What is the likely effect of the

Q27: When is an allocation of resources said

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines