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Concept
Scale Economies
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Summary
Scale Economies
refer to the
Cost advantages
that a business can achieve due to the expansion of its
Production level
, resulting in a decrease in
Average cost per unit
. These efficiencies arise from factors such as
Operational efficiencies
,
Bulk Purchasing
, and
Stronger negotiating power
, facilitating
Competitive Pricing
and potentially
Higher profits
.
Concepts
Economies Of Scale
Diseconomies Of Scale
Fixed Costs
Variable Costs
Marginal Cost
Average Cost
Returns To Scale
Minimum Efficient Scale
Production Function
Operational Efficiency
Cost Structures
Market Power
Unified Market
Relevant Degrees
Economic Planning and Policy 60%
Economic Movements 30%
Global Economy 10%
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