If an industry is charecterised by economics of scale then–
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If an industry is charecterised by economics of scale  then–

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In micro-economics, economics of scale are the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. ‘Economies of scale’ is a long-run concept and refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase.

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