16-68 Which of the Following Best Describes Economies of Scope

16-68 Which of the following best describes economies of scope?

A) Occur when the average cost of production decreases as the level of output increases.
B) Cost effects related to managerial ability and other hard-to-quantify factors.
C) Occur when cost savings are realized from using many of the same inputs to produce multiple products.
D) Occur when the average cost of production increases as the level of output increases.
E) Occur when cost increases are realized from using many of the same inputs to produce multiple products.