What are the differences between economies of scale and diseconomies of scale
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Economies of scale are when the cost per unit of production (Average cost) decreases because the output (sales) increases.
Diseconomies of scale are when the cost per unit of production (Average cost) increases because the output (sales) increases. Growth brings both advantages and disadvantages to a business.
Diseconomies of scale are when the cost per unit of production (Average cost) increases because the output (sales) increases. Growth brings both advantages and disadvantages to a business.
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