Economies of scope refer to
A) changes in technology.
B) the very long run.
C) multiproduct firms.
D) single product firms that utilize multiple plants.
E) short-run economies of scale.
C
Economics
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Given that the firm wants to sell both the versions, how should it price its products to have the users self-sort themselves profitably?
a. No-name $60; High-end $130 b. No-name $60; High-end $100 c. No-name $40; High-end $100 d. No-name $40; High end $130
Economics
Suppose the required reserve ratio is 10 percent, but banks choose to hold an additional 15 percent of demand deposits as excess reserves. Under these conditions, the demand deposit multiplier will be
a. 0 b. 4 c. 5 d. 6.67 e. 10
Economics