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Identify Four Reasons Why Economies of Scale Can Exist and Four

question 91

Essay

Identify four reasons why economies of scale can exist and four reasons why diseconomies of scale can exist.


Definitions:

Individual Differences

Variations among individuals in their psychological traits, behaviors, or physiological characteristics.

Personal Attributes

Individual characteristics or traits that define a person's behavior or attitude.

Cultures

The shared values, beliefs, norms, and practices of a group of people that shape their behavior and interaction.

Personality Clashes

Conflicts that arise between individuals due to differences in their personal characteristics or values.

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