When financial institutions are able to reduce the costs of information for each service they offer by applying the same information source to each service, we say that the financial institution is realizing
A) economies of scope.
B) economies of scale.
C) increasing returns.
D) diminishing marginal returns.
A
Economics
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The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. What is the efficient quantity of steel?
A) 0 tons B) 2 tons C) 4 tons D) 8 tons
Economics
The neoclassical counter-revolution school supports
a. trade restrictions. b. state-owned enterprises. c. eliminating government regulations. d. limitations on foreign investors.
Economics