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    Exam 6: Production and Cost Analysis in the Long Run
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    X-Inefficiency Refers to the Situation in Which Firms with Market
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X-Inefficiency Refers to the Situation in Which Firms with Market

Question 95

Question 95

True/False

X-inefficiency refers to the situation in which firms with market power are operating in the upward-sloping segment of their long-run average cost curve.

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