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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
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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|

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Asked 12/28/2011 10:41:57 PM
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Why do fads often lead to shortages, at least in the short term? A. Buyers and sellers are unable to agree on a price for the good. B. Laws prevent stores from responding to excess demand in time to prevent a shortage. C. Manufacturers charge extremely high prices for the goods that stores are unwilling to pay. D. Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and price to ...
Weegy: The answer is D. Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and price to increase to reach a new equilibrium point . Hope this helps. (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 12/28/2011 9:04:04 AM
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Why did Communist governments use a command economic system for many years? A. as a way to avoid the expense and difficulties of a free market B. in an attempt to create a society in which everyone was equal C. to limit the costs of production of many goods D. as a method of keeping the consumer from getting what he or she wanted
Weegy: Communist governments use a command economic system for many years D. as a method of keeping the consumer from getting what he or she wanted . (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 12/28/2011 9:45:24 AM
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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
All Categories|No Subcategories|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
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