Examlex
Match all applicable letters with the most appropriate term.
-phloem
Productive Efficiency
A scenario where goods or services are produced at the lowest possible cost, often involving optimal utilization of resources.
X-inefficiency
The difference between efficient behaviors of businesses in a competitive market and their actual behaviors due to lack of competitive pressure.
Decreasing-cost Industry
An industry in which the costs of production decrease as the industry grows and output increases.
Decreasing-cost Industry
An industry in which the costs of production per unit decrease as the industry grows and output increases.
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