Title

(8) Economies of Scale II: Causes & Interplay with Market Size

Topic Category

Cost

Publication Date

2011

Keywords

Economies of Scale, Diseconomies of Scale, Constant Returns to Scale, Shape of Long Run Average Cost Curve, Scale and Market Size

Abstract

This explores and explains possible causes or sources of economies of scale. Then the interplay between scale and overall market size is discussed as a way of explaining the number and size distribution of firms in a market.

Run Time

7:54

Primary Discipline

Microeconomics

Skills Delivered

Ability to identify and explain possible causes of Scale Economies. Ability to predict size distribution of firms in a market based upon information about Scale and the overall size of the market.

Rigor Level

2000

Prerequisites

Previous Cost Videos



Share

COinS