If a Producer Is Not Able to Expand Its Plant

question 201

Multiple Choice

If a producer is not able to expand its plant capacity immediately, it is

• A)bankrupt.
• B)operating in the long run.
• C)operating in the short run.
• D)losing money.

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Definitions:

Competitors

Are entities or individuals that compete within the same market or field, aiming to achieve goals such as higher sales or superior performance.

Morally Illegitimate

Refers to actions or practices that are deemed unethical or not acceptable based on societal norms and moral principles.

Marketing Activities

The actions or tactics undertaken by a company to promote and sell its products or services, including advertising, selling, and delivering products to consumers.

Losing Right to Operate

The risk of a business losing its legal or social license to operate due to non-compliance with regulations or societal expectations.