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Q: 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
A: 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|

Question
Asked 12/28/2011 10:41:57 PM
Updated 6/8/2014 12:18:16 PM
2 Answers/Comments
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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 and helpful.
Confirmed by yumdrea [6/8/2014 12:16:38 PM]
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Rationing is most likely to lead directly to a black market.
Added 6/8/2014 12:18:16 PM
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