In General,the Amount of X-Inefficiency in an Industry

question 12

Multiple Choice

In general,the amount of X-inefficiency in an industry:

• A) increases as the amount of competition increases.
• B) increases as the amount of competition decreases.
• C) decreases as the amount of competition stays the same.
• D) has no relationship to the amount of competition in an industry.

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Definitions:

Northridge Earthquake

A magnitude 6.7 earthquake that struck the Los Angeles area of California, USA, on January 17, 1994.

Divergent Plate Boundary

A region where two tectonic plates move away from each other, leading to the creation of new crust as magma rises to the surface.

Offset Stream Channel

A stream or river channel that has been shifted laterally due to tectonic movement, creating a visible displacement along a fault line.

Active Faults

Faults that have moved recently (in geological terms) and are likely to experience future earthquakes.