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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
A situation that makes the market behave inefficiently is a. when consumers do not have enough information to make good choices.
Expert answered|Jay901|Points 1769|
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Asked 9/19/2013 11:32:13 AM
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A change in the number of consumers can cause a. the service demand curve to shift. c. the market demand curve to shift. b. a substitution effect. d. prices to fall.
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Added 229 days ago|4/24/2016 7:56:18 AM
This answer has been confirmed as correct, not copied, and helpful.
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