Question
Internal economies
Answer: Option D
Answer: (d)
Internal economies are those economies in production—those reductions in production costs—which accrue to the firm itself when it expands its output or enlarges its scale of production.
The internal economies arise within a firm as a result of its own expansion independent of the size and expansion of the industry as a whole.
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Answer: (d)
Internal economies are those economies in production—those reductions in production costs—which accrue to the firm itself when it expands its output or enlarges its scale of production.
The internal economies arise within a firm as a result of its own expansion independent of the size and expansion of the industry as a whole.
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