Economies of scale are of two kinds

1.	Economies of scale are of two kinds
Answer» Internal and external Economies of scale are of two kinds Internal and external. Internal economies of scale are FIRM-specific or caused INTERNALLY while external economies of scale occur based on LARGER changes outside the firm. Both result in declining marginal costs of production, yet the net EFFECT is the same.

Answer»

Internal and external

Economies of scale are of two kinds Internal and external. Internal economies of scale are FIRM-specific or caused INTERNALLY while external economies of scale occur based on LARGER changes outside the firm. Both result in declining marginal costs of production, yet the net EFFECT is the same.

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Economies of scale are of two kinds

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