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What is Economies of Scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time. A decrease in cost per unit of output enables an increase in scale. At the basis of economies of scale, there may be technical, statistical, organizational or related factors to the degree of market control. This is just a partial description of the concept.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Economies of scale

Chapter 2: Natural monopoly

Chapter 3: Perfect competition

Chapter 4: Piero Sraffa

Chapter 5: Cost-of-production theory of value

Chapter 6: Economies of scope

Chapter 7: Monopoly

Chapter 8: Economies of agglomeration

Chapter 9: Marginal cost

Chapter 10: Production-possibility frontier

Chapter 11: Average cost

Chapter 12: Returns to scale

Chapter 13: Cost curve

Chapter 14: New trade theory

Chapter 15: Prices of production

Chapter 16: Long run and short run

Chapter 17: Tendency of the rate of profit to fall

Chapter 18: Okishio's theorem

Chapter 19: Minimum efficient scale

Chapter 20: Ricardian economics

Chapter 21: Socially optimal firm size

(II) Answering the public top questions about economies of scale.

(III) Real world examples for the usage of economies of scale in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economies of Scale.

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