Examples of x-inefficiency found in are higher-than-competitive compensation, nicer-than-average office buildings, and having more managers and staff than necessary regulated.
A monopoly brought on by geography might be a food shop in a small village in Alaska. Other businesses decide not to participate since the possibility for earnings is so low, leaving the lone provider a regional monopoly. Businesses must inhibit resale, be able to function in an imperfect market, and show demand elasticity for price discrimination to be effective.
Buffet restaurants, which frequently charge different prices for youngsters and senior citizens than they do for other adults, are an example of this form of price discrimination.
Read more about higher-than-competitive at
https://brainly.com/question/20340413
#SPJ4
