Economies of Scope Exist If

question 92

Multiple Choice

Economies of scope exist if:

• A)it is cheaper to have only one firm in an industry.
• B)it is cheaper for one firm to produce two products jointly than for separate firms to produce them separately.
• C)it is more expensive to have one firm in an industry.
• D)it is cheaper for two firms to work together to make two products than for one firm to make both by itself.

---

Definitions:

Americans Vote

The act of citizens in the United States participating in elections to choose their representatives and make decisions on public issues.

Leadership Responsibility

The obligation of leaders to guide, direct, and influence others towards achieving the goals of the organization.

Senior Executives

Top-level managers or administrators in an organization, responsible for making major corporate decisions.

Communicating

The process of sharing information, ideas, or feelings with others through speech, writing, or other forms of expression.