Economics · Production and Costs
What are internal economies of scale for a firm?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Revenues generated through high market pricing
- 2Savings in production costs due to the expansion of the firm itself✓
- 3Tax exemptions granted by the government
- 4Benefits resulting from expansion of the entire industry
Correct answer
Savings in production costs due to the expansion of the firm itself
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