Which of the following is an example of a producer taking advantage of economies of scope?
A) A farmer buying more land so that he can produce more soybeans
B) GM closing a Chevy truck plant in response to a decline in demand for trucks
C) Disney World staying open later to serve more customers per day
D) A dairy farmer producing cow's milk and butter
E) A mouthwash firm expanding production by improving managerial efficiency
Correct Answer:
Verified
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