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Depositors have a strong incentive to show up first to withdraw their funds during a bank crisis because banks operate on a
Variable Cost
Expenses that change in proportion to the amount of goods or services produced, like labor and materials.
Diseconomies of Scale
occur when a company or production process becomes less efficient as it scales up, leading to increased average costs per unit.
Minimum Efficient Scale
The smallest level of production at which a firm can achieve the lowest long-term average cost, allowing it to be competitively viable.
3-D Printers
3-D printers are machines that create three-dimensional objects by adding material layer by layer, based on digital models.
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