Which of the Following Can Prevent Markets from Reaching Efficiency

question 101

Multiple Choice

Which of the following can prevent markets from reaching efficiency? I. price regulations that cap the price that may be charged
II) increasing marginal cost
III) monopoly

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

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Definitions:

Premises

Statements or propositions that are presupposed and provide support for a conclusion in an argument.

Inductive Argument

A form of reasoning where the conclusion is supported by the premises but is not guaranteed to be true.

Deductive Argument

A logical process where the conclusion is based on the concordance of multiple premises that are generally considered to be true.

Conclusion

The final part of something, especially a summary of the arguments or a final decision reached after reasoning.