Examlex
Which of the following limits judicial power?
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, resulting in a decreased cost per unit.
Positive Economic Profits
Earnings that exceed the total opportunity costs of all inputs, indicating a return above the normal profit level.
Expand
To increase in size, number, or importance, often relating to businesses aiming to grow through increased operations, product lines, or market reach.
Equilibrium
The condition that exists when quantity supplied and quantity demanded are equal. At equilibrium, there is no tendency for price to change.
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