Which Is Not an Inefficiency Caused by Price Ceilings

question 133

Essay

Which is not an inefficiency caused by price ceilings?
A.inefficient allocation to consumers
B.wasted resources
C.illegal activity
D.inefficient allocation of sales among sellers

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Definitions:

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Control

The power to direct the management and policies of a company or organization, often through ownership of a majority of shares.

Expansion

Expansion refers to the process of growing or enlarging the scale, scope, or reach of something, such as a business, territory, or concept.

Limited Partnership

A partnership formed by two or more persons having one or more general partners and one or more limited partners.