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.
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