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Edexcel IGCSE Economics 1.2.3 B Internal and External Economies of Scale Questions

Practise economies-of-scale questions by explaining falling average costs in supermarkets, railways, platforms and mergers.

Syllabus
First assessment 2019
Course
Economics 4EC1

Exam points

  • Define economies of scale as falling average costs when a firm expands.
  • Apply purchasing, technical or marketing economies to supermarket, rail or platform data.
  • Evaluate whether mergers or larger user bases are likely to reduce average costs.

Edexcel IGCSE Economics 1.2.3 B Internal and External Economies of Scale Questions question 1

[Maximum number: 2]

What is meant by the term economies of scale?

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