-In the Given Figure,the Items Marked Box a and Box

question 53

Multiple Choice

-In the given figure,the items marked Box A and Box B are the _____ respectively.

• A) ​row cells and column cells
• B) ​header cells and data cells
• C) ​header cells and row cells
• D) ​data cells and column cells

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Definitions:

Excess Capacity

The situation where a firm produces less than its total output capacity, often due to lack of demand.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and price setting.

Long-Run Equilibrium

A state in which all inputs can be adjusted by firms, market supply equals demand, and there is no incentive for economic actors to alter their behavior.

Excess Capacity

The condition where a business produces less than the maximum amount possible, often leading to inefficiency.