When regulation results in an inferior mix of output,there are

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Efficiency costs refer to the costs associated with reducing the efficiency of the market due to regulation. In this case, the regulation has resulted in an inferior mix of output, meaning that the market is not producing the optimal mix of goods and services. This results in efficiency costs, as resources are being underutilized or overutilized, causing a decrease in economic efficiency. The other options, administrative costs, compliance costs, and equity costs, all refer to different costs associated with regulation but are not relevant in this scenario.

When Regulation Results in an Inferior Mix of Output,there Are