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Rent A Wordsmith is conducting an online competition wherein it allows its users and employees to work toward arriving at a new logo and tagline for the company.This is an example of:
Diseconomies of Scale
The situation where a company or business grows so large that the costs per unit increase, leading to decreased efficiency.
Long-run Total Costs
The total costs associated with the production of a certain level of output when all inputs can be varied, emphasizing the period in which no costs are fixed.
Diseconomies of Scale
Diseconomies of scale occur when a company or business grows to such a point that the costs per unit increase, opposite of achieving cost efficiencies through expansion.
Specialization
The process of focusing effort and resources on a limited number of activities to increase efficiency and productivity.
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