emihlebooi13
emihlebooi13 emihlebooi13
  • 11-05-2022
  • Social Studies
contestada

explain any two kinds of inefficiency in an economy​

Respuesta :

cocosnake2009
cocosnake2009 cocosnake2009
  • 11-05-2022
Allocative inefficiency occurs when the consumer does not pay an efficient price. An efficient price is one that just covers the costs of production incurred in supplying the good or service. Allocative efficiency occurs when the firm's price, P, equals the extra (marginal) cost of supply, MC.
Answer Link

Otras preguntas

what are good names for a magazine about school.
What is the solution to the equation? 4x-26-3x=16-20
which type of relationship exists when a certain type of trees roots need a fungus present in order to grow normally
How to solve: 1.5q=-8.4
you find out that it takes 2 sec. for the swing to complete one cycle. what is the swing`s period and frequency?
Over time, abstract art has become a recognized and valued part of art history.This is an example of: A- deterioration of artistic standards. B- changes in arti
Which circles have an area of 36pi ft2? Choose all answers that are correct. A. a circle with a radius of 6 ft B. a circle with a diameter of 6 ft C. a circl
Why did the Europeans begin exploration voyages during the Age of Discovery?
in 1519, who was the leader of the aztecs when the spanish arrived in mexico?
What is the equation to find wavelength of red light with a frequency of 4 x 10^14