Economies of scale and the form of the production function;: An

economies of scale  The left-hand portion of the long-run average cost curve, where it is downward-sloping from output levels Q1 to Q2 to Q3, illustrates the case of economies of Risk-bearing economies of scale As a firm becomes larger, it's able to grow their product range This allows them to diversify their risk as they are not

Economies of scale are the savings that occur when an entity grows in size and can produce output more efficiently or at lower cost  Learn what economies of scale are, the different types of internal and external economies of scale, what a diseconomy of scale is and relevant examples

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the Economies of scale are the savings that occur when an entity grows in size and can produce output more efficiently or at lower cost