Ask Question
24 September, 20:17

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. 24 September, 20:36
    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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers