Generally, Economies of Scope Are Present When

question 76

Multiple Choice

Generally, economies of scope are present when:

• A) economies of scale are present in the production of two or more goods.
• B) economies of scale are constant in the joint production of two products.
• C) joint output is less from a single firm than could be achieved from two different firms each producing a single product (assuming equivalent production inputs in both situations).
• D) joint output is greater from a single firm producing two goods than could be achieved by two different firms each producing a single product (assuming equivalent production inputs in both situations).

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