An "economy of scope" is where a firm can spread the fixed cost of a common resource or a shared service across multiple products or activities.

Name: An "economy of scope" is where a firm can spread the fixed cost of a common resource or a shared service across multiple products or activities.
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This is the correct definition of economy of scope. By sharing resources or services, the fixed cost can be spread across multiple products or activities, increasing efficiency and lowering costs.

An "Economy of Scope" Is Where a Firm Can Spread