Which of the Following Is an Example of a Costly-To-Duplicate

question 9

Multiple Choice

Which of the following is an example of a costly-to-duplicate economies of scope?

• A) Employee compensation
• B) Core competencies
• C) Shared activities
• D) Risk reduction

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Definitions:

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing and able to sell, holding other factors constant.

Long Run

A period in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Perfectly Inelastic

A situation where demand does not change at all in response to changes in price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price over a specified period.