Difine "Excess capacity". ?
Answers
Answered by
4
Answer:
Excess capacity refers to a situation where a firm is producing at a lower scale of output than it has been designed for.
Answered by
3
Answer:
Excess capacity refers to a situation where a firm is producing at a lower scale of output than it has been designed for. Context: ... It may arise because as demand increases, firms have to invest and expand capacity in lumpy or indivisible portions.
Similar questions