Question: What are the differences between external and internal economies of scale with respect to (i) the size of firms, (ii) market structure, and (iii) gains

What are the differences between external and internal economies of scale with respect to (i) the size of firms, (ii) market structure, and (iii) gains from trade?

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i An external economy of scale exists when the fall in the average costs of the industry lowers the average costs of the typical firm With external economies the size or scale effects are located in t... View full answer

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