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:

Light Focuses

Refers to the convergence, bending, or direction of light rays to a point, which is fundamental in optics for creating images in cameras, telescopes, and the human eye.

Retina

A thin layer of tissue at the back of the eye that contains cells sensitive to light, which convert images into electrical signals sent to the brain.

Receptors

are specialized cells or proteins that detect and respond to external signals such as chemicals, light, or pressure.

Seeing Details

refers to the ability to perceive fine or small elements or differences in objects, images, or scenes.