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An organization whose capacity is on that portion of the average unit cost curve that falls as output rises
Inductive Argument
A reasoning that suggests its outcome likely results from the initial assertion.
Sound Argument
An argument that is both valid (correctly structured) and has all true premises.
Sound Argument
An argument that is both valid (correctly structured) and has true premises, leading to a true conclusion.
Valid
An argument based on deduction that is structured in a way that, if the premises are considered true, then the conclusion necessarily follows as true.
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