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What Would Be an Example of Economies of Scope Achieved

question 359

Essay

What would be an example of economies of scope achieved in the automobile insurance industry?


Definitions:

Potential Energy

Energy stored in the position or arrangement of a system’s components.

Kinetic Energy

The energy that an object possesses due to its motion.

Facilitated Diffusion

Passive transport mechanism in which a solute follows its concentration gradient across a membrane by moving through a transport protein.

Concentration Gradient

A variation in the concentration of a substance across a distance.

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