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At a conscious level, Aaron doesn't think he's prejudiced. Yet he automatically feels uncomfortable in situations where he has to interact with people of different races from his own. Aaron's experience best illustrates the distinction between
Credible Threat
A statement or action that is believable and carries the weight of possible enforcement, often used in negotiations or strategic situations.
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.
Diseconomies of Scale
The phenomenon where a firm's per unit costs increase as it increases production, typically due to inefficiencies.
Learning-By-Doing
Acquiring skills and efficiency in a task through direct experience or practice, often leading to reduced costs and improved performance over time.
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