Economies of scale
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Economies of scale in microeconomics, refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase. Diseconomies of scale is the opposite.
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See also
- Diseconomy of scale — A region of increasing quantity and increasing long-run average cost.
- Economies of scope
- Ideal firm size
- Internal economies of scale
- Network effects
- Returns to scale
- The Long Tail
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