Question

Differentiate between viable and non viable industry .give examples of both

Answer 1

Answer:

⏩⏩⏩❤☺In other words, if the industry demand and industry supply are equal at some positive level of output then, the industry is said to be economically viable. On the other hand, an industry is said to be economically non-viable if the demand curve and supply curve do not intersect at any positive level of output.⏪⏪⏪⏪❤☺