Economies of Scope Cannot Exist In

question 73

Multiple Choice

Economies of scope cannot exist in:

• A) the presence of economies of scale.
• B) the presence of diseconomies of scale.
• C) firms that produce a single product.
• D) firms that produce multiple products.

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Definitions:

Laissez Faire

An economic philosophy advocating minimal governmental intervention in the market and the private sector.

Capitalism

An economic system characterized by private or corporate ownership of goods and services, intended for profit.

Justice Theorist

An individual who studies or develops concepts related to justice, focusing on its application in society, law, or morality.

Society's Benefits

The advantages or positive outcomes that accrue to the general public or community from certain actions, policies, or programs.