The merged firm's ability to generate synergistic cost savings through the joint use of inputs in producing multiple products is referred to as:

Question

Quizplus · Accepted Answer

Economies of scope refer to the cost savings that result from producing multiple products using the same inputs or resources. This is different from economies of scale, which refer to the cost savings that result from producing more of one particular product. X-efficiencies are cost savings resulting from improved management practices, and neither A nor D accurately describe the concept in question.

The Merged Firm's Ability to Generate Synergistic Cost Savings Through