Which Factor Can Cause Inefficiency in a Market

question 134

Multiple Choice

Which factor can cause inefficiency in a market

• A)a good not being produced by sellers with the lowest cost
• B)a good being consumed by buyers who value it most highly
• C)scalping
• D)the market being unregulated

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Definitions:

Competes

The term "competes" refers to the action of striving against others to achieve something, such as winning a contest or securing a market position.

Nuisance

An annoyance or inconvenience that can potentially lead to legal action if it interferes with the enjoyment of property or public space.

Integrated Pest Management

An eco-friendly pest control strategy that integrates biological, cultural, physical, and chemical means to decrease risks to the economy, health, and environment.

Prevention

The action of stopping something from happening or arising, often referring to diseases or accidents.