Economies of Scope

question 106

Multiple Choice

Economies of scope

• A) is a situation in which it is more expensive to produce goods separately than jointly.
• B) is the opposite of economies of scale.
• C) occur whenever only one good is produced at a time.
• D) are an example of the gains from specialization.

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Definitions:

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Individuals who have reached the age of majority, which is legally recognized as adulthood in most jurisdictions, typically granting them full legal rights and responsibilities.

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