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From course:

Economics A Level

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Question:

What is X-Efficiency?

Author: go kys



Answer:

-How Well a Firm can Lower its Costs down (Organisational Slack) -Productions Costs can possibly be Reduced at the same Level of Production. -X-efficiency is Caused by Misusing Factors of Production (Too Much Labour) or by Paying too much (high Wages)


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go kys
go kys