Which of the Following Best Defines "Economies of Scope

question 56

Multiple Choice

Which of the following best defines "economies of scope"?

• A) As output expands the cost of producing a good decreases.
• B) As output expands the cost of producing a unit of a good decreases.
• C) Because firms use specialized resources to produce a range of goods, as the number of products produced increases, the cost of producing a unit decreases.
• D) Costs increase as firms seek to find more consumers.

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Definitions:

Creative Writing

The art of crafting original compositions in various genres, emphasizing narrative craft, character development, and expression.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group to solve problems or generate ideas.

Electronic Brainstorming

A technique for idea generation that utilizes digital platforms to facilitate collaborative brainstorming sessions among participants, often asynchronously.

Delphi Technique

A structured communication technique, originally developed as a systematic, interactive forecasting method which relies on a panel of experts.