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Which emotion would be considered the most advanced for an infant to exhibit?
Economies of Scale
The cost advantage achieved when production becomes efficient, as the scale of production increases, leading to a reduction in the average cost to make each unit.
Diseconomies of Scale
A situation where, as a firm becomes larger, its costs per unit increase due to inefficiencies that arise from its growth.
Constant Costs
The costs that remain unchanged as the level of output or production increases or decreases.
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