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Match Each Term to the Correct Descriptor

question 68

Multiple Choice

Match each term to the correct descriptor. Terms may be used more than once or not at all.
-Pressure that never becomes positive during life


Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Industry Domination

A scenario where one or a few companies control a significant share of the market, often leading to a reduction in competition.

Economies of Scale

The cost advantage achieved when production becomes efficient, leading to a decrease in the average costs per unit as output increases.

Technology Specialization

The focus of a company or industry on a specific technology niche, with the aim of achieving leadership and expertise in that area.

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