Supernormal growth is a growth rate that: Multiple Choice applies to a single, abnormal year. is unsustainable over the long term. is generally constant for an infinite period of time. exceeds a firm's previous year's rate of growth.

Question

Business

Jessie Walls

13 February, 21:28

Supernormal growth is a growth rate that: Multiple Choice applies to a single, abnormal year. is unsustainable over the long term. is generally constant for an infinite period of time. exceeds a firm's previous year's rate of growth.

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Answers (1)

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Cory Molina · Answer 1

Is unsustainable over the long term.

Explanation:

supernormal in business can be explained to monopoly profit a businesswise dealings or market or a perfect knowledge, with zero or no information failure or time lags in the flow of information. Knowledge can be said to be freely accessible to all participants, making that risk-taking bearable to its minimal and the role of the entrepreneur is been limited.

In a case where the producers and consumers are said to have perfect knowledge, it can be easily assumed that they make rational decisions to maximise their self interest consumers look to maximise their utility, and producers look to maximise their profits.