Question
Give difference between external economies of scale and internal economies of scale and for the following examples, explain whether it is a case of external
Give difference between external economies of scale and internal economies of scale and for the following examples, explain whether it is a case of external or internal economies of scale. Explain why (10) 1) Most musical instruments in the US are produced by more than a dozen factories in Elkhart, Indiana. 2) All Hondas sold in the US are either imported or produced in Marysville, Ohio. 3) All airframes for Airbus, Europe's only producer of large aircraft, are assembled in Toulouse, France. 4) Hartford, Connecticut, is the insurance capital of the northeastern United States.
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