Which of the Following Economies of Scope Is Less Costly

question 45

Multiple Choice

Which of the following economies of scope is less costly to duplicate?

• A) Employee compensation
• B) Core competencies
• C) Multipoint competition
• D) Exploiting market power

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Definitions:

New Public Management

An approach towards public administration that emphasizes efficiency, decentralization, and the adoption of private sector management practices within the public sector.

Free Market Ideas

Economic principles that advocate for minimal government intervention in the marketplace, allowing the forces of supply and demand to determine prices and production.

Private-Sector Management

Management practices and principles used in private businesses, focusing on efficiency, profitability, and market competition.

Mainstream Economics

Refers to the body of knowledge, theories, and models in economics that are widely accepted and taught across prominent universities and colleges.