Quantium Cast Episode 55: External Economies and Diseconomies of Scale + the Difference between Short-Run and Long-Run Average Cost Curves
Ryan Kia (of quantiumresearch.co.uk) has a look at External Economies and Diseconomies of Scale + the Difference between Short-Run and Long-Run Average Cost Curves. Today's episode is another Economical theory-related Podcast that is vital for those studying GCSE and A-Level Economics and for revision. We include examples of sources of External Economies and Diseconomies of Scale alongside how firms can reduce their long-run average costs.
Examples such as these allow us to heighten the practicality of economic theory for our listeners and thus making for more efficient learning.
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