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What is the major organic product obtained from the following reaction?
External Diseconomies
Negative effects experienced by third parties or the general public due to the activities of a business or industry, not reflected in market costs.
Decreasing-Cost Industry
An industry where the cost per unit of output decreases as the scale of production increases is known as a decreasing-cost industry.
Long-Run Equilibrium
A state in which all factors of production and costs are variable, allowing for the adjustment of all inputs, leading to optimal allocation of resources in the market.
Increasing Cost Industry
An industry in which production costs increase as output expands, typically due to factors such as input limitations and increased demand for inputs.
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