Long lines waste buyers' time and discriminate according to the seller's bias, which is inefficient rationing. Discrimination based on the seller's bias means that the good may not necessarily go to the buyer who values it the most, further adding to the inefficiency of rationing. Therefore, option C is the best answer.

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Long Lines

Question 214

Multiple Choice

Long lines

A) and discrimination according to seller bias are both inefficient rationing mechanisms because they both waste buyers' time.
B) and discrimination according to seller bias are both inefficient rationing mechanisms because the good does not necessarily go to the buyer who values it most highly.
C) are an inefficient rationing mechanism because they waste buyers' time,and discrimination according to seller bias is an inefficient rationing mechanism because the good does not necessarily go to the buyer who values it most highly.
D) are an inefficient rationing mechanism because the good does not necessarily go to the buyer who values it most highly,and discrimination according to seller bias is an inefficient rationing mechanism because it wastes buyers' time.

Correct Answer: