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Monisha conducted a narrative study that turned out exactly opposite of what she expected.She ends the report of her study with a brief summary of the findings and a more lengthy discussion of the importance of the research question,including a new literature review that might explain her unexpected findings.Which of the following pieces of advice is her advisor most likely to give her for revision?
Diseconomies of Scale
A situation in which a firm experiences an increase in average costs due to an increase in its size or output level, often resulting from inefficiencies and higher per unit costs.
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.
Demand Curves
Visual diagrams that illustrate the connection between a product's price and the amount consumers are willing to buy.
MC = MR
An economic principle that firms reach the optimal level of production when marginal cost equals marginal revenue.
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