[DOC] [TLE] Free Flashcards about ECONOMICS - StudyStack [PAR] FAILURE TO MINIMIZE COSTS IS CALLED "X-INEFFICIENCY" AND IS OFTEN 
CAUSED BY LACK OF THIS, AS IN A MONOPOLY, COMPETITION. [DOC] [TLE] Diseconomies of scale - Economics Online [PAR] The additional costs of becoming too large are called diseconomies of scale. ... 
Larger firms often suffer poor communication because they find it difficult to 
maintain an ... 'X' inefficiency is the loss of management efficiency that occurs 
when firms ... This problem is caused because the size and complexity of most 
large firms... [DOC] [TLE] The efficiency of firms - Economics Online [PAR] Costs will be minimised at the lowest point on a firm's short run average total cost 
... as in the case of oligopolies and monopolies, there is likely to be a loss of 'X' 
efficiency, with output not being maximised due to a lack of managerial 
motivation. ... Information failure is a type of inefficiency that can affect markets 
and firms in... [DOC] [TLE] 5400 regulation of natural monopoly - Encyclopedia of Law and ... [PAR] considered to be the cause of concern, before offering a brief overview of the 
regulatory process and ... monopoly) the single firm is called a natural monopoly. 
... weak natural monopoly it is often considered desirable that regulatory ... X-
Inefficiency ... Generally, in a competitive market firms have an incentive to 
reduce costs,. [DOC] [TLE] Monopoly | Economics Help [PAR] It is argued that a monopoly has less incentive to cut costs because it doesn't face 
... A monopoly faces a lack of competition and therefore, it may have less 
incentive ... It is hard to argue Google has x-inefficiency because of its monopoly 
power. ... Problems of Agriculture  Market Failure  Impact of Brexit on public 
finances... [DOC] [TLE] 13ecoHGHS - market failure 3.3 [PAR] Libenstein's X-inefficiency may also result if the monopolist allows cost efficiency 
to drop. An upward drift in costs because of a lack of effective competition in the ... 
Market failure can also be caused by the existence of inequality throughout the 
..... markets fail for one or more of these reasons, governments are often called... [DOC] [TLE] PURE MONOPOLY [PAR] Pure monopoly exists when a single firm is the sole producer of a product for 
which there ... This occurs where the lowest unit cost and, therefore, low unit 
prices for ... causing the traditional telephone companies to lose their monopoly 
position. ... X-inefficiency may occur since there is no competitive pressure to 
produce at... [DOC] [TLE] Chapter 12 - Pure Monopoly [PAR] Pure monopoly exists when a single firm is the sole pro- ... cause it provides 
insights about the more common market ... are called barriers to entry. ..... total 
revenue and reduce total cost by reducing output. .... late output and price, 
people often believe it will charge ..... nopolistic firms tend more toward X-
inefficiency than. [DOC] [TLE] Regulation and Efficiency - Institute of Public Utilities - Michigan ... [PAR] the deregulation of a regulated monopoly will often fail to achieve effective 
competition ..... The confusion reflects partly the lack of experience; no utility 
monopoly in .... transport markets like railroads, trucking and airlines) that 
regulation caused the main ..... cost pricing, rather than the rate-base and X-
inefficiency effects. 6... [DOC] [TLE] GLOSSARY - Computing in the Humanities and Social Sciences [PAR] In the theory of the firm fixed costs are costs of production which are constant ... 
Those members of society who own the capital stock, often used in a ... He is best 
known for his theory of monopolistic competition in which ..... Unemployment 
caused by a deficiency in aggregate demand. .... Market failure. ..... X-inefficiency. [DOC] [TLE] Evaluation of the X-Efficiency Theory in the Supply Management ... [PAR] Jul 3, 2014 ... process, firms are able to significantly reduce costs, increase productivity and .... 
Therefore, an elimination of monopoly power can increase x- efficiency and 
thereby also cause welfare gain for the society .... X-inefficiency is about a firm's 
failure to fully utilize the .... Incomplete contracts, a lack of external. [DOC] [TLE] Theory of the firm

Question: Failure to minimize costs is called "X-inefficiency" & is often caused by lack of this, as in a monopoly
Answer: competition