discuss the external economics and external diseconomics
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In economics of the firm, an external economy of scale refers to benefits that arise from general growth in the economy or a specific industry; external diseconomies are extra costs or disadvantages from outside economic forces.
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Answer:
In economics of the firm, an external economy of scale refers to benefits that arise from general growth in the economy or a specific industry; external diseconomics are extra costs or disadvantages from outside economic forces
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