X-inefficiency

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

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What Wikipedia says

X-inefficiency is a concept used in economics to describe instances where firms go through internal inefficiency resulting in higher production costs than required for a given output.

Excerpt from the Wikipedia article “X-inefficiency”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Dishil63, CC BY-SA 4.0, via Wikimedia Commons.