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How are the following compounds related?
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Business Combination
A transaction or event where two or more companies merge or one company acquires another to consolidate business operations.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.
Horizontal Merger
The combination of two or more firms competing in the same market with the same good or service.
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