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Which of the following is the least outsourced IT area?
Decreasing-cost Industry
An industry in which costs per unit decrease as the scale of operation increases, often due to economies of scale.
Downsloping
A characteristic of certain economic graphs, such as the demand curve, indicating that as price decreases, quantity demanded increases.
Purely Competitive Firm
A business that operates in a market where there are many buyers and sellers, and it has no control over the market price of its product.
Economic Profit
The difference between a firm’s total revenue and its opportunity costs (including both explicit and implicit).
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