Economies of scale/Definition: Difference between revisions
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imported>Nick Gardner (New page: The factors that cause the cost of production of a product to fall as output of the product is increased.) |
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The factors that cause the cost of production of a product to fall as output of the product is increased. | The factors that cause the cost of production of a product to fall as output of the product is increased. | ||
Latest revision as of 21:24, 22 May 2008
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Economies of scale [r]: The factors that cause the cost of production of a product to fall as output of the product is increased.