Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please explain briefly 6- Economies of scales- Increasing returns to scales: a- What is economies of scales? b- What are the two evidences of the
please explain briefly
6- Economies of scales- Increasing returns to scales:
a- What is economies of scales?
b- What are the two evidences of the existence of economies of scales?
c- What is external economies of scale and the relevant market structure? Explain in details.
d- What is internal economies of scale and the relevant market structure? Explain in details.
e- What are the three main reasons why a cluster of firms may be more efficient than an individual firm in isolation? Explain each of them in details by providing the relevant examples.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started