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External economies of scale |
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External economies of scaleA form of increasing returns to scale in which productivity and thus costs of individual firms depend on the output of their entire industry, rather than just their own. Unlike more conventional (internal) scale economies, these are consistent with perfect competition.Similar MatchesEconomies of scaleEconomies of scaleAchievement of lower average cost per unit through increased production. Economies of scaleEconomies of scaleIncreasing 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. 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. Further SuggestionsInternal economies of scaleDiseconomies of scale Dynamic economies of scale Economies of vertical integration |
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