Question and answer
Which of the following is a situation that makes the market behave inefficiently? A. when consumers do not have enough information to make good choices B. when
producers have the power to find out exactly what to produce C. when both consumers and producers are fully informed about a product D. when the market is in perfect competition and prices are high
when the market is in perfect competition and prices are high, then it makes the market behave inefficiently
Get an answer
Original conversation
User: Which of the following is a situation that makes the market behave inefficiently? A. when consumers do not have enough information to make good choices B. when producers have the power to find out exactly what to produce C. when both consumers and producers are fully informed about a product D. when the market is in perfect competition and prices are high

Weegy: when the market is in perfect competition and prices are high, then it makes the market behave inefficiently
Expert answered|donisback|Points 10|

User: Which of these is most likely to lead directly to a black market? A. a supply shock B. a price floor C. rationing D. equilibrium

Weegy: supply shock leads directly to a black market
Expert answered|donisback|Points 10|

Question
Asked 12/28/2011 10:41:57 PM
Updated 6/8/2014 12:18:16 PM
2 Answers/Comments
New answers
Rating
0
A situation that makes the market behave inefficiently is when consumers do not have enough information to make good choices.
Added 6/8/2014 12:15:15 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [6/8/2014 12:16:38 PM]
0
Rationing is most likely to lead directly to a black market.
Added 6/8/2014 12:18:16 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Which of these is most likely to lead directly to a black market? A. a supply shock B. a price floor C. rationing D. equilibrium
Weegy: A. a supply shock and C. rationing are most likely to lead directly to a black market. (More)
Question
Expert Answered
Updated 12/28/2011 11:23:12 PM
1 Answer/Comment
The answer are letters , B. a price floor and C. rationing ,Rationing will cause the creation of a black market for goods with inelastic price curves. There is a limited supply so an underground market for selling these at a profit will emerge. This also happens in communist countries with food rationing. /question/index?qid=20071104224224AA5Ti4N , In some cases, when governments or regulatory bodies set a maximum price for a good, this leads to black markets. To be effective, the maximum price has to be below the market price that prevails as a result of the interaction of demand and supply. Read more:
Added 12/28/2011 11:23:12 PM
21,551,061 questions answered
Popular Conversations
1/2 x +1/3 y = 0 1/4 x -1/2 y = 8 What is the solution of the system ...
Weegy: (0.4, 2) User: 2/3x -1/2 y = 3 1/2x + y = 5 Which of the following systems is equivalent to the given ...
7/2/2015 2:20:21 PM| 5 Answers
The slope of a line that is perpendicular to a line whose slope is ...
Weegy: An equilateral triangle has symmetry with respect to a line containing an altitude of the triangle. True. ...
7/2/2015 12:32:21 PM| 3 Answers
write the number in decimal form:fourteenand eighty-fourhundredths.
Weegy: Fourteen and eighty-four hundredths is 14.84
7/2/2015 6:07:53 AM| 2 Answers
round the decimal number to the nearest tenth:285.429
Weegy: 285.429 is equal to 290.
7/2/2015 6:19:24 AM| 2 Answers
_____________ was the first African American to receive the Nobel ...
Weegy: Ralph Bunch was the first African American to receive the Nobel Peace Prize. He won this for his peacemaking ...
7/2/2015 8:14:33 AM| 2 Answers
The sun's photosphere
Weegy: A. corona User: can only be seen during an eclipse
7/2/2015 8:31:49 AM| 2 Answers
Weegy Stuff
S
1
L
P
1
1
Points 100 [Total 1506]| Ratings 1| Comments 90| Invitations 0|Online
S
1
Points 51 [Total 562]| Ratings 0| Comments 51| Invitations 0|Offline
S
Points 31 [Total 31]| Ratings 1| Comments 21| Invitations 0|Offline
S
1
L
L
Points 24 [Total 8404]| Ratings 0| Comments 24| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
Points 13 [Total 9542]| Ratings 0| Comments 13| Invitations 0|Offline
S
R
Points 4 [Total 206]| Ratings 0| Comments 4| Invitations 0|Offline
S
L
P
P
Points 4 [Total 3563]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 4 [Total 4]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 1 [Total 1]| Ratings 0| Comments 1| Invitations 0|Offline
S
Points 1 [Total 44]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.