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Explaining Internal and External Economies of Scale

AS, A-Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 28 Apr 2019

This short revision looks explains the difference between internal and external economies of scale. It is an important distinction to make when analyzing firms and industries and the impact of their production decisions on consumers and other stakeholders.

Explaining Internal and External Economies of Scale

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