Which of the Following Can Prevent Markets from Reaching Efficiency

question 1

Multiple Choice

Which of the following can prevent markets from reaching efficiency?
I. Decreasing marginal benefit
II. Taxes
III. Quantity regulations that limit the quantity that may be produced

• A) I and II
• B) I and III
• C) II and III
• D) I, II and III

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Definitions:

Finance Charges

Costs associated with borrowing money, including interest rates, late fees, and other charges applied to a loan or credit.

Adjustment Code

Used in billing and accounting to denote corrections or modifications made to a patient's account in healthcare settings.

Canceled Account Balance

The remaining amount of money in an account that has been closed or terminated.

Collection Letters

Written notices sent by creditors to debtors requesting payment of overdue balances.