Chapter 19 – Economies and Diseconomies of Scale

Define and explain economies and diseconomies of scale with reference to a diagram. Explain, using examples, internal and external economies of scale. Calculate average costs from data and plot this out in diagrammatic form. Evaluate the likelihood of diseconomies of scale. Define: EoS, diseconomies of scale . Describe/outline: EoS using LRAC curve ................
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