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Identify the Two Reliability Tactics and the Two Maintenance Tactics

question 19

Essay

Identify the two reliability tactics and the two maintenance tactics.


Definitions:

Long Run

A period in economics during which all inputs and operations can be varied, allowing for the adjustment to changes in market conditions or demand.

Very Long Run

In microeconomics, a period of time long enough that technology can change and firms can introduce new products.

Derived Demand

The demand for a product or service that arises from the demand for another product or service it helps to produce.

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