Question

Internal and External Economies of Scale: What’s the Difference?
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Answer 1

Explanation:

Internal economies of scale are firm-specific—or caused internally—while external economies of scale occur based on larger changes outside the firm. Both result in declining marginal costs of production, yet the net effect is the same.

Answer 2

Explanation:

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Internal and External Economies of Scale: An Overview

Internal and External Economies of Scale: An OverviewInternal economies of scale are firm-specific—or caused internally—while external economies of scale occur based on larger changes outside the firm. Both result in declining marginal costs of production, yet the net effect is the same.