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Network Economics Glossary Definition (English)
Increasing returns to scale Defined
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"Increasing returns to scale exist when the cost per unit decreases as more units of the good are produced. Recently, the term "increasing returns to scale" has been used to describe more generally a situation where the net value of the last produced unit [= (dollar amount consumers are willing to pay for the last unit) - (average per unit cost of production)] increases with the number of units produced."
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Expert Dictionary: Increasing returns to scale
Dictionary: Increasing returns to scale
