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26 October, 16:08

X-inefficiency refers to a situation in which a firm:

A. is not as technologically progressive as it might be.

B. encounters diseconomies of scale.

C. fails to realize all existing economies of scale.

D. fails to achieve the minimum average total costs attainable at each level of output.

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Answers (1)
  1. 26 October, 16:40
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    D. Fails to achieve the minimum average total costs attainable at each level of output.
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