Examlex
It is possible to increase power without taking power away from others.
Marginal Costs
The additional cost incurred to produce an extra unit of a product or service.
Average Costs
The total costs of production divided by the number of units produced, representing the cost per unit.
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.
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