Which of the Following Best Describes Scope Economies

question 30

Multiple Choice

Which of the following best describes scope economies?

• A) cost advantage resulting from production, development or distribution in more than one country.
• B) cost advantage resulting from large volume production, development or distribution.
• C) cost advantage resulting from the joint production, development or distribution of more than one product.
• D) cost advantage resulting from the production, development or distribution of very high quality products.

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Definitions:

Miles Per Hour

A measurement of velocity indicating how many miles are covered within an hour.

Compute

Refers to the action of performing mathematical calculations or processing data using a computer or computational device.

Imperfect Price Signals

Situations in markets where prices do not fully reflect all available information, leading to inefficiencies in allocation of resources.

Political Pressure

The use of influence, persuasion, or coercion by individuals or groups to affect governmental decision-making or policy outcomes.