Economies of ______ Occur When a Single Firm Can Produce

question 32

Multiple Choice

Economies of ______ occur when a single firm can produce two products together for a lower total cost than two firms could produce those same products separately, one at each firm.

• A)scale.
• B)scope.
• C)efficiency.
• D)output.

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Definitions:

Raise Capital

The act of obtaining funds to finance operations, growth, or investments of a business.

New Corporation

A business entity that has recently been formed and incorporated, beginning its operations and legal existence.

Corporate Privilege

Special rights or immunities granted to corporations, often exempting them from certain legal obligations.

Personal Benefit

Advantage or gain obtained by an individual from a situation or transaction, which is often a factor considered in legal judgments.