Examlex
Match each definition with the correct term.
-hyperthyroidism
Economies of Scale
The reduction in per-unit cost as the scale of production increases, leading to greater efficiency and lower costs for large-scale producers.
Foreign Competition
The presence and impact of competitors from other countries in a domestic market, often influencing prices, market shares, and industry standards.
Oligopolistic Market
A market structure characterized by a small number of large firms that dominate the market, often leading to strategic interactions and considerations regarding pricing and production.
Allocative Efficiency
A state of resource distribution where it is impossible to make any one individual better off without making someone else worse off, maximizing societal welfare.
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