What do you mean by internal economy of scale? Explain it.

498views

written 24 months ago by

modified 24 months ago by

DevarenjiniP • 3.1k

ADD COMMENT EDIT

1 Answer

10views

written 24 months ago by

DevarenjiniP • 3.1k

Economies of Scale in the Long Run

In the long run all production costs are variable
In the long run, the scale of production can change (i.e. there are no fixed factor inputs)
Economies of scale are the unit cost advantages from expanding the scale of production in the long …

and 4 others joined a min ago.

ADD COMMENT EDIT

Please log in to add an answer.