Which of the following best describes economies of scopea, Ask an Expert

Economics

Which of the following best describes economies of scope?

A. The average cost increases as output increases

B. The average cost declines as output increases

C. Savings are achieved when a firm produces a wider variety of goods

D. The average cost remains constant as output increases

E. Savings are achieved when a firm produces a decreased variety of goods

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91271870

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