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Economies of Scope Can Be Defined As

Question 42

Multiple Choice

Economies of scope can be defined as:


A) the reduction in average costs that comes with increased production levels.
B) the minimum level of production for nation-wide advertising to be effective.
C) the level of production beyond which diminishing returns do not exist.
D) the cost of having two products produced by one firm is less than having them produced separately by two firms.

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