Economists say that a market where goods are not consumed by those valuing the goods most highly is
A)laissez-faire..
B)unequal.
C)inefficient.
D)rational.

Question

Quizplus · Accepted Answer

An inefficient market is one where goods are not consumed by those valuing the goods most highly, as this means that there is wasted potential for the market to allocate resources efficiently. In an efficient market, goods are consumed by those willing to pay the highest price, which ensures that resources are allocated to their highest-value uses.

Economists Say That a Market Where Goods Are Not Consumed