21-20 Economies of scope opportunities seem to be available in the financial services industry,but economies of scale opportunities do not seem to exist.

Name: 21-20 Economies of scope opportunities seem to be available in the financial services industry,but economies of scale opportunities do not seem to exist.
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Question

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Economies of scale do exist in the financial services industry, as firms can reduce costs per unit by increasing the volume of transactions or services offered.

21-20 Economies of Scope Opportunities Seem to Be Available in the Financial