Question

regrets economic scale​

Answer 1

present ur ans with adequate info

Answer 2

hey matr

KEY TAKEAWAYS

Economies of scale occurs when more units of a good or service can be produced on a larger scale with (on average) fewer input costs.

External economies of scale can also be realized whereby an entire industry benefits from a development such as improved infrastructure.

Diseconomies of scale can also exist, which occurs when inefficiencies exist within the firm or industry, resulting in rising average costs.

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