What is X-Inefficiency
The term “X-inefficiency” is a notion that is utilized in the field of economics to describe situations in which businesses have internal inefficiency, which ultimately leads to greater production costs than are necessary for a specific output. This inefficiency is the consequence of a number of causes, including inefficient production processes, outdated technology, poor management, and a lack of competition, which ultimately leads to reduced profitability and higher pricing for customers. Harvey Leibenstein is the one who first presented the idea of X-inefficiency.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: X-inefficiency
Chapter 2: Economies of scale
Chapter 3: Microeconomics
Chapter 4: Monopoly
Chapter 5: Oligopoly
Chapter 6: Perfect competition
Chapter 7: Index of economics articles
Chapter 8: Profit maximization
Chapter 9: Yield (finance)
Chapter 10: Efficiency
Chapter 11: Marginal cost
Chapter 12: Production-possibility frontier
Chapter 13: Production function
Chapter 14: Allocative efficiency
Chapter 15: Managerial economics
Chapter 16: Isoquant
Chapter 17: Productive efficiency
Chapter 18: Stochastic frontier analysis
Chapter 19: Production (economics)
Chapter 20: Profit (economics)
Chapter 21: Monopoly price
(II) Answering the public top questions about x-inefficiency.
(III) Real world examples for the usage of x-inefficiency in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of X-Inefficiency.
