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What are the main steps in the control process of a typical firm?
Marginal Costs
The supplementary cost that comes with producing an extra unit of a good or service.
Mass Affordability
The widespread ability of the average consumer to purchase goods and services, often due to lower prices or increased income levels.
Economies of Scale
Enterprises see cost efficiencies due to their operating scale, with the cost for every unit of output generally declining as the scale enlarges.
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