What is the distinction between external and internal economies and diseconomies of scale in an industry?
What will be an ideal response?
Internal economies and diseconomies of scale are found within firms. External economies and diseconomies of scale occur on an industry-wide basis.
Economics
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In economics, physical capital includes
A) money. B) bank deposits. C) machinery. D) shares of company stock.
Economics
The large increase in the elasticity of supply in crude oil during 2014-2015 created ________ price volatility.
A. slightly greater B. zero C. lesser D. enormously greater
Economics