In Which One of the Following Market Models Is X-Inefficiency

question 337

Multiple Choice

In which one of the following market models is X-inefficiency least likely to be present?

• A)pure competition
• B)oligopoly
• C)monopolistic competition
• D)pure monopoly

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Definitions:

Secretin

A hormone secreted by the small intestine that stimulates the pancreas to release bicarbonate, neutralizing stomach acid.

Disaccharidases

Enzymes located in the small intestine that catalyze the breakdown of disaccharides into monosaccharides, facilitating absorption.

Small Intestine

A part of the digestive system where most of the digestion and absorption of nutrients takes place, extending from the stomach to the large intestine.

Secretin

A hormone produced by the small intestine that stimulates the pancreas to release bicarbonate-rich fluid, aiding digestion.