What are the differences between external and internal economies of scale with respect to (i) the size

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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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International Economics

ISBN: 978-0132948913

6th edition

Authors: James Gerber

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Question Posted: Nov 27, 2015 02:00 AM

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What are the differences between external and internal economies of scale with respect to (i) the size

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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 the full answer

International Economics

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