Examlex
Which of the following is not correct?
Economies Of Scale
Cost advantages that a business obtains due to expansion, seen in the form of reduced costs per unit as output increases.
Profit-Maximizing
The method or approach of adapting manufacturing and selling activities to secure the maximum potential profit.
Competitively Organized Industry
An industry characterized by many firms competing against each other in a market to sell their products.
Network Effects
The phenomenon where a product or service becomes more valuable as more people use it.
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