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Explain the difference between economies and diseconomies of scale. Provide examples of when an actual firm might benefit from economies of scale or...

Explain the difference between economies and diseconomies of scale. Provide examples of when an actual firm might benefit from economies of scale or be harmed by diseconomies of scale.

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Economies of scale are a concept that explains the reductions in costs that a firm experiences as the scale of... View the full answer

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  • Hi, here is the feedback to the question. Regards.
    • Myles23
    • May 14, 2018 at 5:53pm

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Other Answers

Economies of scale is a term used for expansion in production which leads to lower average cost per output. It states that as... View the full answer

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