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When an Industry Has Excess Capacity, Market Prices May Drop

question 123

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When an industry has excess capacity, market prices may drop well below their historical average. If this drop is temporary, it is called ________.


Definitions:

Company Service Manager

An individual responsible for overseeing and maintaining the quality of customer service within an organization.

Home Appliance Salesperson

An individual who specializes in selling household devices intended for regular use.

Freelance Service Person

An individual who offers their professional services on a contract or project basis, not tied to any single employer.

Making a Complaint

The act of expressing dissatisfaction or reporting a problem regarding a service, product, or experience, usually to seek resolution.

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