Examlex
Which of the following is NOT a stage of development?
Diseconomies of Scale
The condition in which a firm’s costs per unit of output increase as the firm increases in size or scale of operation.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average cost per unit when production is increased.
Externalities
Costs or benefits that result from an economic activity and affect third parties who did not choose to incur that cost or benefit.
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