Question

What do we mean by diseconomies of scale? Explain.

What do we mean by diseconomies of scale? Explain.

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Answer #1
  • Unlike economies of scale which refers to the cost advantage obtained by the firms due to a reduction in production cost, the disceconomies of scale is just the opposite of it.
  • It can be defined as the cost disadvantage obtained by a firm due to increased production cost. It usually occurs when the size or the level of production Increases.
  • In other words, disceconomies of scale occur when the marginal cost of each unit of output Increases with an increase in the output.
  • Due to this, the firms suffer losses and they are forced to decrease the production level and Increase the prices of goods and services.
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