Answer to Question #279750 in Marketing for Lidy

Question #279750

Is Mpala (Pty) Ltd producing in the short-run or long-run? Justify your answer.


1
Expert's answer
2021-12-15T15:14:02-0500

The impala (pty) Ltd is producing in the long run because the platinum producers experience a low margin for over 6 months in case of the low platinum price and increased cost. Furthermore, many firms were forced to reduce their production capacity, and other companies with low profits were announced to exit, while others put on maintenance.



Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS