Taco Bell produces both tacos and burritos because when it does so, Taco Bell experiences
A) economies of scope.
B) decreasing scope of costs.
C) increasing normal profit.
D) economies of scale.
A
Economics
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In a collusive agreement between two duopolists in an oligopoly, each firm has an incentive to cheat on the agreement because the firm's price
A) exceeds its marginal cost. B) exceeds its marginal revenue. C) is less than its average total cost. D) None of the above answers is correct.
Economics
In the textbook model of endogenous growth, in equilibrium, output grows at the rate of
A) sA - d. B) n + d. C) K. D) A.
Economics