(Consider This) Which of the following best explains why the solar panel companies Solyndra and Abound went bankrupt in 2011 and 2012,respectively?
A) Overreliance on government subsidies that made them inefficient.
B) Oversupply of solar panels on the world market that drove down prices and made these firms uncompetitive in the market.
C) Expansion of other alternative energy sources made solar power unprofitable.
D) Dramatic and unexpected increases in input costs caused huge economic losses.
Correct Answer:
Verified
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