The experience curve relates cost to increased efficiency, such that the more a task is performed, the lower the cost of doing will be.

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The experience curve is a well-established concept in business management that shows that the more a company produces a product or performs a service, the greater its efficiency and competency will become, and the lower its costs will be. This is referred to as the "learning curve effect" and has been observed in a wide range of industries and business practices. Thus, the statement is true.

The Experience Curve Relates Cost to Increased Efficiency, Such That