Examlex
Write the word or phrase that best completes each statement or answers the question.
Use mathematical induction to prove the following statement for all positive integers n.
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Diseconomies of Scale
The situation in which a business grows to a point where the costs per unit increase, opposed to saving costs, often due to managerial inefficiencies or complexity.
Constant Returns to Scale
A situation in which increasing the amount of all inputs used in production by a certain factor results in output increasing by the same factor.
Economies of Scale
Cost advantages that enterprises obtain due to their size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.
Diseconomies of Scale
A condition when a company or business grows so large that the costs per unit increase, leading to reduced efficiency.
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