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

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written 3.5 years ago by

prajapatijaimin • 3.3k

modified 3.5 years ago by

DevarenjiniP • 3.2k

economics and management

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written 3.5 years ago by

DevarenjiniP • 3.2k

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 …

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