Homework Answers
Internal economies of scale are a result of the competitiveness, efficiency, expertise, etc., that is held by a firm and is used for only its own advantage resulting in reducing marginal cost of production for this firm.
External economies of scale are a result of infrastructure development which benefits all the firms in the industry.
So, we can say that the former will lead to the formation of a monopoly market (as one firm will be far superior to the others), and the latter to teh formation of a competitive market (as all firms will be at a similar level of efficiency).
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