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.

---

Definitions:

Clasts

Fragments or grains of mineral or rock, detached from a parent source, and usually compacted or cemented into a sedimentary rock.

Breccia

A coarse-grained sedimentary rock composed of angular fragments of minerals or rocks cemented together, often formed in volcanic or faulting environments.

Rounded Clasts

Clasts or rock fragments that have been rounded by the mechanical weathering process, typically found in sedimentary rocks.

Sedimentary Deposit

Accumulation of minerals and organic particles that have been transported, settled, and compressed over time.