Question

write a short note on economic of scale​

Answer 1

➺Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. Costs can be both fixed and variable.

• Monopsony power is when a company buys so much of a product that it can reduce its per-unit costs. For example, Wal-Mart's "everyday low prices" are due to its huge buying power. Managerial economies of scale occur when large firms can afford specialists. ... Network economies of scale occur primarily in online businesses.

Answer 2

Answer:

Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. Costs can be both fixed and variable.

Explanation:

hope it will help you

please mark as me brainlist