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Dynamic economies of scale |
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Dynamic economies of scaleA form of increasing returns to scale in which average cost declines over time as producers accumulate experience, so that average product rises with total output of the firm or industry accumulated over time. See learning by doing, infant industry protection.Similar MatchesEconomies of scaleEconomies of scaleIncreasing returns to scale. Scale economiesScale economiesIncreasing returns to scale. Economies of scopeEconomies of scopeThe property that a firm's average cost falls as it produces a larger number of different products. Diseconomies of scaleDiseconomies of scaleDecreasing returns to scale. Economies of scopeEconomies of scopeScope economies exist whenever the same investment can support multiple profitable activities less expensively in combination than separately. Further SuggestionsEconomies of scaleExternal economies of scale Economies of vertical integration Internal economies of scale |
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