Which of the Following Can Result in a Market Producing

question 361

Multiple Choice

Which of the following can result in a market producing an inefficient quantity of a good?
i.competition
ii.an external cost or an external benefit
iii.a tax

• A) i only
• B) iii only
• C) ii only
• D) ii and iii
• E) i and iii

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Definitions:

Balance

The ability to maintain the body's center of mass over its base of support, a function largely managed by the cerebellum and inner ear.

Eye Movements

The voluntary or involuntary movement of the eyes, helping in acquiring, fixating and tracking visual stimuli.

Pacinian Corpuscles

Sensory receptors found deep in the skin and other tissues that detect pressure and vibration.

Pressure

The force exerted by an object against a surface or the stress within substances influenced by external or internal forces.