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 316 days ago|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 316 days ago|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 316 days ago|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
20,488,817 questions answered
Popular Conversations
Say that a and b are the lengths of the legs of a right triangle and ...
Weegy: The triangle with sides 4.1, 8.2, 12.2 is (4.1)^2 + (8.2)^2 = 84.05 (12.2)^2 = 148.84 (4.1)^2 + (8.2)^2 User: ...
4/20/2015 9:38:47 AM| 3 Answers
Who did President Kennedy appoint as director of the Peace ...
Weegy: A. R. Sargent Shriver User: Which of the following leaders was NOT a participant in the Six Day ...
4/20/2015 6:30:48 AM| 2 Answers
Evaluate the following expression. 2-3
Weegy: 2-3=-1 User: Evaluate x0 + y0 for x = 3 and y = 2. Weegy: If this is x^0+ y^0 then the answer is 2 because ...
4/20/2015 6:58:46 AM| 2 Answers
Given: -1/2x > 6 User: Given: x - 7 > -2. Solve 4(x - 3) - 2(x - 1) ...
Weegy: 4(x - 3) - 2(x - 1) > 0; 4x - 12 - 2x + 2 > 0; 4x - 2x > 12 - 2; 2x > 10; x > 10/2; x > 5
4/20/2015 10:03:13 AM| 2 Answers
Weegy Stuff
S
L
Points 712 [Total 2289]| Ratings 1| Comments 702| Invitations 0|Offline
S
L
Points 633 [Total 1200]| Ratings 2| Comments 613| Invitations 0|Offline
S
Points 236 [Total 236]| Ratings 0| Comments 236| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
Points 235 [Total 8112]| Ratings 2| Comments 215| Invitations 0|Offline
S
L
1
R
Points 118 [Total 1190]| Ratings 1| Comments 108| Invitations 0|Offline
S
L
Points 106 [Total 3709]| Ratings 0| Comments 106| Invitations 0|Offline
S
1
L
L
Points 82 [Total 8076]| Ratings 0| Comments 82| Invitations 0|Offline
S
Points 79 [Total 79]| Ratings 1| Comments 69| Invitations 0|Offline
S
1
L
1
Points 43 [Total 3484]| Ratings 1| Comments 33| Invitations 0|Offline
S
Points 36 [Total 36]| Ratings 1| Comments 26| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.