X Inefficiency Refers To A Situation In Which A Firm in How To
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X Inefficiency Refers To A Situation In Which A Firm. A) is not as technologically progressive as it might be. The term inefficiency generally refers to an absence of efficiency.it has several meanings depending on the context in which it is used:
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In the latter case, there is no way to do a better job, given the available resources and technology. Is not as technologically progressive as it might be. ‘x’ inefficiency is a concept that was originally associated specifically with management inefficiencies, but can also be applied more widely.
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In the latter case, there is no way to do a better job, given the available resources and technology. For example, a firm may be 0.85 x. Fails to achieve the minimum average total costs attainable at each level of output. A) is not as technologically progressive as it might be.
