71.   We are reducing costs and investing for more effective operations.

72.   Increasing the number of residents reduces the costs of a fixed level of the public good.

73.   This can considerably reduce the cost of studying for HCIMA programmes.

74.   By using simple to operate but reliable equipment, staffing costs can be reduced.

75.   This disciplinary effect of free movement can also set in motion factors which reduce production costs and stimulate improvements in the non-price characteristics of goods and services.

76.   This argument rests on increased competition reducing X-inefficiency, and stimulating research and development and innovation to reduce production costs and improve non-price characteristics.

77.   Indeed, many vertical mergers are justified on the basis of internalising such information and transaction costs with the hope of reducing such costs.

78.   Indeed, the argument is often advanced that mergers bring benefits through reducing costs of production because of the attainment of economies of scale.

79.   Similarly there is enormous potential for reducing the cost of error and waste by redesigning the production process and achieving improvements in patient care at the same time.

80.   Major components such as the gearbox are sealed for life to reduce service costs, while tyre wear is minimised by highly accurate wheel alignment techniques.