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The __________ stage is complete when the group structure solidifies and the group has assimilated a common set of expectations of what defines correct member behaviour.
Average Total Costs
The total cost of production divided by the quantity of output produced, illustrating the cost per unit of output.
Total Fixed Costs
The total of all expenses that do not change with the amount of production or output.
Marginal Cost Curve
A curve that shows the cost of producing one more unit of a good or service, typically upward sloping because of increasing marginal costs.
Average Variable Cost Curve
A graphical representation of the variable cost per unit at different levels of output.
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