Question

What is internal economic of scale?

Answer 1

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

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Answer 2

Answer:

Internal Economies of Scale

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. ... Technical economies of scale are achieved through the use of large-scale capital machines or production processes