If Quick Auto Service increases the size of its shop, enabling it to purchase cost-saving capital equipment so that the cost of servicing a car falls, this would be an example of

A) economies of scope.
B) economies of scale.
C) monitoring.
D) increasing transactions costs.

B

Economics

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Refer to Table 8-17. What is nominal GDP in 2016?

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Productivity growth tends to affect all industries to the same degree

a. True b. False Indicate whether the statement is true or false

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