Multiple Choice
X-inefficiency is said to occur when a firm's:
A) average costs of producing any output are greater than the minimum possible average costs.
B) marginal costs of producing any output are greater than the minimum possible total costs.
C) total costs of producing any output are greater than the minimum possible average costs.
D) short-run costs of producing any output are greater than the long-run costs.
Correct Answer:

Verified
Correct Answer:
Verified
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