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Hayes and Wheelwright argued that it is profitable for firms to operate along the diagonal of the product-process matrix. Justify the reason surrounding their

Hayes and Wheelwright argued that it is profitable for firms to operate along the diagonal of the

Hayes and Wheelwright argued that it is profitable for firms to operate along the diagonal of the product-process matrix. Justify the reason surrounding their argument. Can you think of situations in which firms could move away from the diagonal and yet remain profitable?

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