Examlex
Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
Diseconomies
Situations where economies of scale no longer function for a firm and higher production volumes lead to increased average costs.
Competitive Advantage
An edge a company has over its competitors, allowing it to generate greater sales or margins and retain more customers.
Shelf Space
The amount of area available for displaying products within a retail store, critical for product visibility and sales.
Different Scale
Often related to the concept of economies or diseconomies of scale, indicating variations in cost or production efficiency depending on the size of operations.
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