Economies of scope means the rotation of the long-run total cost curve in a downward direction.

Name: Economies of scope means the rotation of the long-run total cost curve in a downward direction.
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Economies of scope refer to the cost savings that arise from producing multiple products or services together rather than separately. It does not necessarily result in a downward rotation of the long-run total cost curve.

Economies of Scope Means the Rotation of the Long-Run Total