Examlex
In ________ monopolistically competitive equilibrium, there will be neither economic profits nor losses.
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.
Persistent
Continuously existing or enduring over a prolonged period.
Price Discrimination
A strategy in pricing where the same provider sells identical or nearly identical products or services for various prices across different markets or to distinct customer groups.
Production Functions
a mathematical relationship expressing the output that can be produced by a firm or economy from different combinations of factor inputs.
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