Examlex
Simplify.
--8y - 6y
Inputs
Resources used in the production process, including labor, technology, and materials.
Economies Of Scale
Situation in which output can be doubled for less than a doubling of cost.
Increasing Returns
A situation where the addition of more units of input results in a more-than-proportional increase in output.
Competitive Market
A market structure characterized by many buyers and sellers, such that no single party can dictate the market price.
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