Economies of scope often occur because
A) a production facility can be used to produce more than one product.
B) it forces firms to search for economies of scale.
C) it enhances the ability to find market niches.
D) managers are able to multi-task in product markets
Correct Answer:
Verified
Q34: A U-shaped long-run average cost curve indicates
Q35: In the case where a firm gains
Q36: Economies of scale are often confused with
A)market
Q37: In the long run, a firm can
Q38: Economies of scale can result from
A)larger machines.
B)specialization.
C)large
Q40: The long run is often referred to
Q41: The long-run and the planning horizon are
Q42: If average variable costs fall, marginal costs
Q43: If long-run average costs are falling, then
Q44: Economies of scope is when a firm
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