=+that total capacity far exceeds demand. This happens not only in industries in which demand is highly

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=+that total capacity far exceeds demand. This happens not only in industries in which demand is highly volatile and unpredictable, but also in industries in which demand is fairly stable. What factors lead to overcapacity? Explain each briefly.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 10:06 AM

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=+that total capacity far exceeds demand. This happens not only in industries in which demand is highly

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Microeconomics

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