Coined by economist Harvey Leibenstein, it is the degree of efficiency level that a firm operates at in imperfect market conditions. An example of X-Efficiency would be a monopoly, subsidized firms or oligopoly.
Coined by economist Harvey Leibenstein, it is the degree of efficiency level that a firm operates at in imperfect market conditions. An example of X-Efficiency would be a monopoly, subsidized firms or oligopoly.
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