Which of the following is least accurate regarding obstacles to the efficient allocation of resources in a competitive market?
A: Public goods, such as national defense, tend to be overproduced because they can be consumed by everyone whether they pay for the goods or not.
B: Subsidies lead to production of more than the efficient quantity of the good.
C: Quotas result in production of less than the efficient quantity of the good.
发布时间:2024-05-08 23:49:29