When a multiproduct firm like General Electric (GE)spreads its outlays for research,development,and marketing over different products,per-unit costs decrease.This implies that GE is taking advantage of _____

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The situation described suggests that GE is benefiting from economies of scope, which are cost advantages that arise when a firm produces multiple products that share common inputs, processes, or distribution channels. By spreading out its fixed costs across a diverse product portfolio, GE can lower its per-unit costs and achieve greater efficiency.

When a Multiproduct Firm Like General Electric (GE)spreads Its Outlays