Examlex
Which of the following is not considered a special journal?
Economies of Scale
The economic benefits that businesses gain from their size of operations, where the expense per unit of production typically lowers as the scale increases.
Increasing Returns
A situation in which an increase in the scale of production results in a disproportionate increase in output, usually leading to lower average costs.
Suffer Losses
occurs when a business or individual incurs expenses that exceed their revenues.
Long-run
A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment.
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