
skandaloushb asked: Shokun Steel Company owns many steel plants.One of its plants is much older than others.Equipment at that plant is outdated and inefficient and the costs of production at that plant is twice as high as the others. The company cannot raise the price of steel because of competition both domestic and international. The plant employs more than 1 thousand workers in a part of Pennsylvania which has a population of 45,000. They are contemplating on whether to close the plant. What factors should the firm consider on making decisions? Will the firm violate any ethical duties if they close?
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