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Which inefficiency is NOT caused by binding price ceilings?
Par Value
A nominal value assigned to share of stock by the corporation's charter, used primarily for legal purposes.
Paid-In Capital
Funds contributed by shareholders in exchange for shares of stock, representing a source of equity financing for a company.
Preferred Stock
Preferred stock is a type of stock that grants holders specific privileges over common stockholders, typically including priority in dividend payments and asset liquidation.
Stockholders' Equity
Represents the owners' residual interest in the assets of a corporation after deducting liabilities, often detailed in the equity section of the balance sheet.
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