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    Characterstics of operating in Stage I

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    If a firm finds itself operating in Stage I, it implies that

    variable inputs are extremely expensive
    it over-invested in fixed capacity
    it under-invested in fixed capacity
    fixed inputs are extremely expensive

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    https://brainmass.com/economics/macroeconomics/characterstics-of-operating-in-stage-i-157625

    Solution Summary

    This discusses the characterstics of operating in Stage I

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