X-EFFICIENCY | MICROECONOMICS | LEARN OIKONOMIA

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Duration: 6:33
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This video discusses X-EFFICIENCY
X-Efficiency theory states that a greater amount of product market competition will pressure firm members to produce with more effort so that the firm is producing closer to their frontiers. Firms will as a result produce closer to their frontiers.
#XEFFICIENCY #learnoikonomia #economics #microeconomics

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Tags:
X-EFFICIENCY
PERFECT COMPETITION
IMPERFECT COMPETITION
RATIONALITY
LEIBENSTIEN
MICROECONOMICS
LEARN OIKONOMIA
IRRATIONAL
PROFIT MAXIMISATION
COST MINIMISATION
X EFFICIENCU EXPLANATION
X EFFICIENCY DEFINITION
X EFFICIENCY MEANING
X EFFICIENCY AND X INEFFICIENCY
microeconomics
theories of entrepreneurship
virtual university of pakistan