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    Cost Accounting Study Set 2
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    Exam 19: Management Control Systems, Transfer Pricing and Multinational Considerations
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    When an Industry Has Excess Capacity,market Prices May Drop Well
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When an Industry Has Excess Capacity,market Prices May Drop Well

Question 104

Question 104

Multiple Choice

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


A) dropped prices.
B) distress prices.
C) substitute prices.
D) low-average prices.

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