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Imagine Scale Economies Were Not Only External to Firms, but Were

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Essay

Imagine scale economies were not only external to firms, but were also external to individual countries. That is, the larger the worldwide industry (regardless of where firms or plants are located), the cheaper would be the per-unit cost of production. Describe what world trade would look like in this case.


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A digital publication that releases scholarly articles or studies on various topics, accessible through the internet.

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An online journal or informational website displaying information in reverse chronological order, with the latest posts appearing first.

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A type of surface coating that repels substances that could stain or mark, making it easier to maintain and clean.

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