Ask Question
BusinessBusiness
4 July, 01:10

In which of the following market structures would X-inefficiency be most likely to exist? Perfect competition. Monopoly. Oligopoly. Monopolistic competition.

+1
Answers (1)
  1. 4 July, 01:16
    0
    Monopoly

    Explanation:

    Monopoly is a market structure where only one firm controls the market share and earn abnormal profits. In a monopoly market, a producer or a supplier earn abnormal profits, which is why they don't try to control the cost of production because they can sell the good at any price. This situation where the cost of production increases, it creates X-inefficiency.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In which of the following market structures would X-inefficiency be most likely to exist? Perfect competition. Monopoly. Oligopoly. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
One year ago, you purchased a stock at a price of $19 a share. You recently received an annual dividend of $1.2 a share. Today, you sold the stock for $17 a share. What is your dividend yield on this investment?
Answers (1)
Matrix Dress Designs operates using the concept of empowerment, where employees act independently and with management facilitating rather than controlling workers. These qualities represent which management approach? A.
Answers (1)
John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction. a.
Answers (1)
A television ad for savory sandwich instructs its viewers to look in their mailbox for coupon offers that will save them money on their next sandwich order. this is an example of
Answers (1)
A salesperson receives an annual salary of $6,000 plus 8% of the value of the orders she takes. The annual value of these orders can be represented by a random variable with a mean of $600,000 and a standard deviation of $180,000.
Answers (1)
New Questions in Business
Which of the following is the best example of a manager with a delegator leadership style?
Answers (1)
Put the Procurement to Payment process steps in order of occurence: 1. Vendor Payment 2. Create and send Purchase Order to vendor 3. Create purchase requisition 4. Vendor Selection 5. Shipment ot item ordered from vendor 6. Invoice receipt 7.
Answers (1)
Measuring the price of gasoline in dollars, an economist calculates the price elasticity of demand to be -.5. What would the price elasticity of demand be if the economist had chosen to measure the price of gasoline in pennies rather than dollars? A.
Answers (1)
If the consumption function is C = 100 + 0.75Y and planned investment spending is 500 , what will be the equilibrium level of output? Ye = $ nothing. (Enter your response as an integer.)
Answers (1)
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share.
Answers (1)
Home » Business » In which of the following market structures would X-inefficiency be most likely to exist? Perfect competition. Monopoly. Oligopoly. Monopolistic competition.
Sign Up Forgot Password?