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i will choose the best answer for:
the most words wriiten, and defeintion

2006-10-19 11:40:28 · 2 answers · asked by didi_wah_2006 1 in Social Science Economics

2 answers

X-inefficiency: When a firm fails to produce on the lowest possible average and marginal cost curves. X-inefficiency is perhaps most likely in a situation where there is not enough competition, like monopoly. In these circumstances forms may not be stretched as there is no competition and so some "organisational slack" may creep in. This means that resources are not being used as efficiently as possible. X-inefficiency will increase costs because of a lack of competitive pressure.

X-axis: The horizontal axis in a chart. It displays the range of values possible for the independent variable to take. In time series data, the x-axis represents time.

2006-10-19 15:24:33 · answer #1 · answered by c00kies 5 · 0 0

economic? XYLOPHONE, x-ray, xenops, xavier

2006-10-19 18:49:17 · answer #2 · answered by Anonymous · 0 0

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