Two firms, each producing different goods, can achieve a greater output than one firm producing both goods with the same inputs. We can conclude that the production process involves

A) diseconomies of scope.
B) economies of scale.
C) decreasing returns to scale.
D) increasing returns to scale.

A

Economics

You might also like to view...

Consider the country of Outland. In Outland, people pay 10 percent of their income as a tax whether they earn $10,000 or $100,000 annually. Outland has ________ tax structure

A) a progressive B) a regressive C) a proportional D) an excessive

Economics

In 2009 about ________ percent of the states permit branch banking.

A. 40 B. 20 C. 80 D. 60

Economics