mahaeschol.maharashtra.gov.in|ou pgecet counselling 2011|oasis.mkcl.org.collector 2011|anna university coimbatore|mba
"X"
X-efficiency The ability of a firm to get maximum output from its inputs. Failure to do so, called X-inefficiency or technical inefficiency, may be due to lack of incentives provided by competition. Improvement in X-efficiency is one hypothesized source of gain from trade. Term is due to Leibenstein (1966).
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