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1 May, 00:54

True or false: for high levels of quantity supplied where firms have reached near maximum capacity, supply becomes more elastic because firms may need to invest in additional capital in order to further increase production.

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  1. 1 May, 04:32
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    False Once firm has reached maximum production capacity, firm will need to make additional investment to expand production plants and to achieve this, firm will need to increase the prices of the product which will affect the supply elasticity.
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