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Use Summation Notation
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Economies of Scale
Cost advantages companies experience when production becomes efficient, as the cost per unit of output decreases with increasing scale.
General Electric
A multinational conglomerate corporation operating in sectors like aviation, power, healthcare, and renewables, among others.
Plant Size
The scale or capacity of a factory or production facility, often measured in terms of productive capability or physical dimensions.
Diseconomies of Scale
An economic concept where increasing production results in higher per unit costs.
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