A firm finds that it can produce several different goods at a lower average cost by using some of the same production facilities than it could if it produced each of the goods with separate production facilities. This firm is
A) gaining economies of scope.
B) gaining economies of team production.
C) gaining economies of scale.
D) incurring diseconomies of scale.
A
Economics
You might also like to view...
Refer to Figure 7-1. At the market equilibrium, the deadweight loss is equal to
A) $0. B) $250,000. C) $500,000. D) $1,000,000.
Economics
_______ status is given if an organization has a cultural, artistic, educational, or other public benefit.
a. For-profit b. Not-for-profit c. Charitable organization d. Sole proprietorship e. LLC
Economics