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

question 36

Multiple Choice

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

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

---

Definitions:

Local Ordinance

A law or regulation established by a city or town government.

Municipal Ordinance

Laws or regulations passed by municipal governments to govern matters within their jurisdiction.

Statute

A written law passed by a legislative body at the federal or state level that governs and dictates actions.

Normandy

A geographic region in France, known for its historical events, especially the D-Day invasion during World War II.