X-Inefficiency Refers to a Situation in Which a Firm

question 188

Multiple Choice

X-inefficiency refers to a situation in which a firm

• A) is not as technologically progressive as it might be.
• B) encounters diseconomies of scale.
• C) fails to realize all existing economies of scale.
• D) fails to achieve the minimum average total costs attainable at each level of output.

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Definitions:

Intersexual Selection

The process by which females select their mates on the basis of some physical trait that indicates genetic quality or good health; sometimes selection depends on some resource offered by the males.

Courtship Ritual

A set of display behaviors in which an organism tries to attract a mate and secure mating opportunities.

Ornamental Display

The use of plants, animals, or objects for decoration, especially to make a garden or building more attractive.

Social Behavior

Interaction of two or more animals, usually of the same species.