1. How do both consumers and firms benefitted from the economies of scale? 2. Large business enjoys advantage from the economies of scale. How can small b enjoy the same advantage? 3. What are the differences between the internal and external economies of scale?

1. How do both consumers and firms benefitted from the economies of scale? 2. Large business enjoys advantage from the economies of scale. How can small b enjoy the same advantage? 3. What are the differences between the internal and external economies of scale?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 27RQ: What is the difference between economies of scale, constant returns to scale, and diseconomies of...

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1. How do both consumers and firms benefitted from the economies of scale?
2. Large business enjoys advantage from the economies of scale. How can small b
enjoy the same advantage?
3. What are the differences between the internal and external economies of scale?

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