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Unit Costs
The investment required by a company to develop, keep, and trade one instance of a specific product or service.
Plant Size
Plant size refers to the capacity or physical extent of a manufacturing or production facility, which impacts its output and efficiency levels.
Minimum Efficient Scale
The smallest level of production at which a firm can achieve the lowest long-run average total cost, underscoring economies of scale.
Output
The quantity of goods or services produced by a firm or industry within a certain period of time.
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