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Explain one economies of scale that a firm may enjoy when it expands its production scale.

1. Technical economies of sale: Large firms can utilize more fully the machines and plant equitments and thus reduce the average cost.

2.Managerial economies of scale: A large firm with a wider scope of specialization can raise efficiency and reduce the average cost.

Chun Yin L. A Level Economics tutor, A Level Mandarin tutor, A Level ...

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