Excess Capacity Is

question 338

Multiple Choice

Excess capacity is

• A)an example of the inefficiencies of monopolistically competitive markets.
• B)a short-run problem but not a long-run problem.
• C)a characteristic of rising average total cost curves.
• D)Both a and b are correct.

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Definitions:

Concentrate Resources

Strategy of focusing available resources and efforts in a specific area or on a specific task or goal to increase effectiveness.

Charismatic Leaders

Individuals who inspire and motivate others through their personal charm and the profound belief in their own vision.

Impression Management

Techniques used by individuals or organizations to control or influence perceptions of themselves in the minds of others.

Charisma

A personal quality of leadership attracting loyalty or enthusiasm from others, often seen as a form of magnetic charm or appeal that is not easily defined.