explain internal economies
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An internal economy of scale measures a company's efficiency of production. That efficiency is attained as the company improves output when the average cost per product drops. ... Another type occurs when firms purchase in bulk and receive discounts for their large purchases or a lower cost per unit of input
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An internal economy of scale measures a company's efficiency of production. That efficiency is attained as the company improves output when the average cost per product drops. ... Another type occurs when firms purchase in bulk and receive discounts for their large purchases or a lower cost per unit of input.
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