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What type of maintenance includes inspections and other activities needed to prevent machine breakdowns?
Average Cost Curve
A graphical representation that illustrates the cost per unit of output at different levels of production.
Long-run
A period in economics where all factors of production can be varied, and there are no fixed inputs, allowing full adjustment to changes.
Tripling Output
The act of increasing the production or output of goods and services threefold, signifying significant growth or scaling up of operations.
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