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Rome Was

question 40

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Rome was

Analyze the implications of product differentiation on economic welfare.
Understand the basic principles and limitations of the right to freedom of expression.
Gain knowledge on the Charter of Rights and Freedoms, including its provisions against discrimination.
Comprehend the significance of law in society.

Definitions:

Returns To Scale

The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.

Increasing Returns To Scale

See Economies of scale.

Economies Of Scale

Exist when average costs fall as output increases.

Diseconomies Of Scale

Exist when average costs rise with output.

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