Economies of Scope Are Said to Exist When

question 32

Multiple Choice

Economies of scope are said to exist when:

• A) one firm produces many products rather than separate firms for each.
• B) many firms produce many products rather than one firm producing all.
• C) many firms produce a single product rather than one firm.
• D) one firm produces multiple products rather than separate firms producing all.

---

Definitions:

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in learning and conditioning processes.

Creative Intelligence

The ability to produce new products, ideas, or innovative solutions to problems.

Divergent Thinking

A mode of thinking that encourages creative exploration of many possible solutions to a problem.

Crystallized Intelligence

Crystallized intelligence is the ability to use learned knowledge and experience.