Question

explain the internal and external economics of scale​

Answer 1

An economy of scale is a microeconomic term that refers to factors driving production costs down while increasing the volume of output. ... Internal economies of scale are firm-specific—or caused internally—while external economies of scale occur based on larger changes outside the firm.

Answer 2

Answer:

An economy of scale is a microeconomic term that refers to factors driving production costs down while increasing the volume of output. ... Internal economies of scale are firm-specific—or caused internally—while external economies of scale occur based on larger changes outside the firm