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Discuss Economies of Scale

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HEY MATE HERE IS UR ANSWER

ECONOMIES OF SCALE IS THE COMPETITIVE ADVANTAGE THAT LARGE ENTITIES HAVE OVER SMALKER ONES. THE LARGER THE BUSINESS, NON-PROFIT, OR GOVERNMENT THE LOWER ITS PER-UNIT COSTS.

when more UNITS of a good or a service can be produced on a larger scale , yet with (on average) fewer INPUT costs, economies of scale are said to be achieved.


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