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Which of the Following Lead to an Inefficient Outcome? I

question 11

Multiple Choice

Which of the following lead to an inefficient outcome? I.Decreasing marginal social benefit
II.Taxes
III.High transactions cost


Definitions:

Recall

The act of retrieving information or memories from one's past without specific cues, often tested as a measure of memory.

Recognition

The cognitive process of identifying and acknowledging the presence or existence of something previously seen, heard, or known.

Repetition

The act or process of doing something again, either once or multiple times, often used for emphasis or to reinforce an idea.

Recency Effect

The tendency to remember the most recently presented information best.

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