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A mercury-glass thermometer breaks. Which action is incorrect?
Diseconomies of Scale
A situation in which a company or business grows so large that the costs per unit increase, leading to decreased efficiency.
Large-Scale Business
A business that operates on a large scale, often involving extensive operations, significant capital, numerous employees, and a wide geographical reach.
Law of Diminishing Returns
A principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.
Marginal Cost Curves
Graphs that show how the cost of producing one additional unit changes as the production volume increases.
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