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A bottleneck occurs when capacity exceeds demand and resources wait for work.
Economies of Scale
The economic benefits companies achieve through expanding their scale of activity, as the cost for every unit of output falls with the growth in scale.
Income
The financial earnings received by an individual or entity, typically measured over a certain period of time.
Utility-Maximizing
A principle in economics wherein individuals or entities make choices that result in the highest level of satisfaction.
R&D Expenditures
Money spent on research and development activities to innovate and improve products or processes.
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Q23: The BENEFIT clinical trial assessed the efficacy