The late economist harvey leibenstein argued that the loss of economic efficiency in industries that are not perfectly competitive has been understated. he argues that when competition is weak, firms are under less pressure to adopt the best techniques or to hold down their costs. he refers to this effect as x-inefficiency if x-ineficiency causes a firm's marginal costs to rise, how is the deadweight loss caused by a monopoly understated? a. mc2 mc, suppose mc, is the marginal cost of production with perfect compettion and mc2 is the marginal cost of production with x-inefficiency loss. b. use the triangle drawing tool to shade in the deadweight loss with x-nefficiency label this shaded area deadweight lossa mom. c. carefully follow the instructions above, and only draw the required objects.