Economics · Theory of Production and Cost
What is meant by internal and external economies of a firm?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Grants received from the government
- 2Savings in production costs due to expansion✓
- 3Rise in profit margins due to inflation
- 4Increase in marketing expenditures
Correct answer
Savings in production costs due to expansion
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