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Average Total Cost
The total cost of production divided by the number of units produced, representing the cost per unit of output.
Economies
Systems of production, distribution, and consumption of goods and services among individuals, businesses, and governments within a region or country.
Large Firms
Companies or enterprises that have a large scale of operations, significant market power, and a vast distribution of employees and resources.
Barrier To Entry
Factors that prevent or hinder companies from entering a specific market or industry.
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