Which Is Not an Inefficiency Caused by Price Floors

question 1

Essay

Which is not an inefficiency caused by price floors?
A.inefficiently low quality
B.inefficient allocation of sales among sellers
C.wasted resources
D.illegal activity

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Definitions:

Functional Currency

Functional currency is the currency of the primary economic environment in which an entity operates, and in which its financial statements are prepared.

Functional Currency

The main currency used by a business or unit in its day-to-day operations.

Exchange Rate

The price at which one currency can be exchanged for another, often fluctuating based on market conditions.