Identify the types of inefficiency (allocational, operational, or informational) described below:
a. The Lower Red River stock market is characterized by very high transaction costs and, due to frequent flooding, transaction orders are often lost.
b. In the markets of the country of Upper Lachine, firms can only issue very long-term debt (35-year maturity or more) and stock.
c. The Middle Bow River Market is a small stock market where trading can only occur on Thursdays. Newspapers are published every day.