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What do price ceilings NOT cause?
Average Total Cost
Average Total Cost is the total cost of production divided by the total quantity produced, representing the per unit cost of production.
Returns to Scale
The change in output as a result of proportionately changing all inputs in the production process.
Student Enrollment
The process through which students register or enter into a course of study at educational institutions.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
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