C.5 Economies of scale | Cost - Microeconomics

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This video explains how economies of scale affect production. We start by explaining how the average cost curve defines when economies of scale appear, and then analyse the difference between economies and diseconomies of scale.

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  1. Policonomics
  2. cost
  3. economies of scale
  4. returns to scale
  5. Microeconomics (Field Of Study)
  6. Economics (Field Of Study)
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