Examlex
The ecological fallacy refers to the danger of making assertions about individuals as the unit of analysis based on the _____ or other aggregations.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.
Minimum Efficient Scale
The smallest scale of production a firm can achieve while still taking full advantage of economies of scale in terms of costs per unit.
Output
The quantity of goods or services produced by a firm, sector, or economy within a certain period.
Overhead Costs
Expenses not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.
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