In an economy, which of the following is not a source of inefficiency?
A)Monopoly
B)Public Goods
C)International Trade
D)Externalities

Question

Quizplus · Accepted Answer

International trade is not a source of inefficiency. In fact, international trade can increase efficiency by allowing countries to specialize in the production of goods for which they have a comparative advantage and engage in trade with other countries. Monopoly, public goods, and externalities are all sources of inefficiency in an economy.

In an Economy, Which of the Following Is Not a Source