Inefficiency exists in an economy when a good is
A)being produced with less than all available resources.
B)not distributed fairly among buyers.
C)not being produced by the lowest-cost producers.
D)being consumed by buyers who value it most highly.

Question

Quizplus · Accepted Answer

Inefficiency occurs when a good is not being produced by the lowest-cost producers, as this means resources are not being used in the most cost-effective way, leading to potential waste and higher prices.

Inefficiency Exists in an Economy When a Good Is