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Economies of Scale
Refers to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Consent Decrees
Legal agreements that settle a dispute between two parties without admission of guilt but with an agreement to stop the contested activities.
Marginal Revenue
The additional earnings obtained from selling one more unit of a product or service.
Demand Schedule
A table that shows the relationship between the price of a good and the quantity demanded.
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