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

Question

Quizplus · Accepted Answer

Economies of scale opportunities also exist in the financial services industry, as larger firms can spread their fixed costs over more transactions, reducing the average cost per transaction. This is in addition to economies of scope, where firms can offer a wider range of services more efficiently.

Economies of Scope Opportunities Seem to Be Available in the Financial