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Dust is an important part of the nebular theory of solar system formation because dust isneeded to explain:
Internal Diseconomies
Increased per unit costs that occur when a firm or industry grows beyond a certain size, leading to inefficiencies.
External Diseconomies
Negative effects experienced by third parties or the general public due to the activities of a business or industry, not reflected in market costs.
Decreasing-Cost Industry
An industry where the cost per unit of output decreases as the scale of production increases is known as a decreasing-cost industry.
Long-Run Equilibrium
A state in which all factors of production and costs are variable, allowing for the adjustment of all inputs, leading to optimal allocation of resources in the market.
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