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Discussion #2-Chapter 5 The textbook states that the theoretical and practical activity levels reflect, in general, the company's production capabilities, while the expected and normal

Discussion #2-Chapter 5

The textbook states that the theoretical and practical activity levels reflect, in general, the company's production capabilities, while the expected and normal activity levels reflect, in general, consumer demand.Please explain why these breakdowns are correct, including possible examples of what is being described by each of the activity levels.

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