Inefficiencyexistsinaneconomywhenagoodis? not;distributed;fairly;among;buyers.being;produced;with;less;than;all;available;resources.not;being;consumed;by;buyers;who;value;it;most;highly.not;produced;because;buyers;do;not;value;it;very;highly.
a) When supply is greater than demand b) When demand is greater than supply c) When markets yield an inefficient output of production yielding externalities d) When markets simply collapse In natural monopoly, ___ is the economic inefficiency caused ...
First of all, if inefficiency in the system does exist, smart and driven test takers trying to take advantage of that inefficiency will likely be high scorers who end up canceling out whatever gaps in the curve there might have been. Second, even if that doesn’t happen, LSAC may detect ...