A narrowly diversified firm has wide economies of scope.

Name: A narrowly diversified firm has wide economies of scope.
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A narrowly diversified firm, by definition, operates in a narrow or limited range of products or services. This means that there are likely limited economies of scope, as there is less opportunity for shared resources or knowledge among different business lines. Wide economies of scope are typically found in firms that operate in a broad range of related industries or product lines.

A Narrowly Diversified Firm Has Wide Economies of Scope