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What Does It Mean If an Industry Has External Diseconomies

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What does it mean if an industry has external diseconomies?


Definitions:

Connection Power

The influence one gains over others through the ability to establish and leverage personal and professional relationships.

Compliance

Adhering to laws, regulations, guidelines, and specifications relevant to business operations or practices.

Identification

The psychological process of associating oneself with certain groups, ideals, or characteristics.

Internalization

The process by which individuals incorporate external standards or behaviors into their own belief and value system.

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