X-inefficiency results from
A) protection from competitive pressures.
B) rent-seeking behavior.
C) deregulation.
D) competitive markets.

Name: X-inefficiency results from A) protection from competitive pressures. B) rent-seeking behavior. C) deregulation. D) competitive markets.
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Question

Quizplus · Accepted Answer

X-inefficiency occurs when a firm is protected from competitive pressures, leading to a lack of incentive to minimize costs or improve efficiency.

X-Inefficiency Results from