Economies of scope exist when a business becomes more efficient by
A) offering fewer services.
B) offering more services.
C) becoming larger.
D) becoming smaller.
C
Economics
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If capital per worker rises
A) labor productivity decreases. B) no technological progress occurs. C) labor productivity increases. D) firms respond by raising their prices.
Economics
In the above figure, if the natural monopoly is regulated with a marginal cost pricing rule, then the deadweight loss to society is
A) zero. B) ecf. C) gde. D) efcb.
Economics