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Hemoglobin is
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Constant Returns to Scale
A situation in production where increasing all inputs by a certain proportion results in output increasing by the same proportion.
Price-taker Industry
Industries where firms have no control over the market price and must accept the prevailing prices as given.
Short-run Market Supply
The total quantity of goods or services that producers are willing and able to sell at a given price in the market over a short period.
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