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In which of the following market structures would X-inefficiency be most likely to exist?
1. Perfect competition
2. Monopoly
3. Oligopoly
4. Monopolistic competition
Using the product life cycle, describe a product at each stage of the PLC and support your choice.
Need help with paper for this class? Attain faculty approval as you select one of the following organizations: • Global Crossing • Tyco • WorldC
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