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When a nation's net exports are equal to zero, it has a
Economies Of Scale
The cost advantages that businesses obtain due to the scale of operation, with cost per unit of output decreasing with increasing scale.
Industry Structures
The organizational characteristics and competitive dynamics of a market, including the number of firms, product differentiation, and barriers to entry.
Allocative Efficiency
A scenario in resource distribution where making one individual's condition better inevitably leads to worsening another's.
Economic Profit
The difference between a firm's total revenues and its total economic costs, including both explicit and implicit costs.
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