Examlex
In preparation for his exam,Juan plans to stay up all night studying.According to research,this strategy will likely result in
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units.
Profitable
A financial status where the income or revenue generated exceeds the costs or expenses, resulting in a financial gain.
Natural Monopoly
A market where a single supplier can produce output at a lower cost than multiple competitors, often due to economies of scale.
Increasing Returns
A situation where the input in a production process is increased and the output increases at a proportionally higher rate.
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