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7.5.5 relationship between economies of scale and decreasing average costs
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The Core Relationship

The Core Relationship

Economies of scale are cost advantages gained when a firm expands its scale of production. They are reflected in a fall in long-run average cost (LRAC) as output increases.

7.5.5 relationship between economies of scale and decreasing average costs Lesson

  1. Intl A Level
  2. /Economics
  3. /7.5.5 relationship between economies of scale and decreasing average costs

Step-by-step lessons on CIE Intl A Level Economics 7.5.5 relationship between economies of scale and decreasing average costs. Each one builds up to exam-style questions.