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Dynamic Electronics Company Develops and Sells Its Technologically-Advanced Digital Camera

question 34

Multiple Choice

Dynamic Electronics Company develops and sells its technologically-advanced digital camera in markets all over the world.For this industry,it is most likely that the company uses a _____ structure for its R&D.


Definitions:

Economies of Scope

Cost advantages that enterprises obtain through diversification and the production of a variety of goods rather than specializing in a single product.

Multiproduct Firms

Companies that produce and sell more than one product or service, often benefiting from economies of scope.

Technology

Refers to the application of scientific knowledge for practical purposes, especially in industry.

Short-run Average Cost

The total cost divided by the quantity of output produced, in the short term when at least one input is fixed.

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