Economies of scope
20 نوفمبر 2021 2021-11-15 1:37Economies of scope
Give an example of economies of scope
Question is closed for new answers.
الأستاذ الدكتور نبيل العربي Selected answer as best
An economy of scope means that the production of one good reduces the cost of producing another related good. Economies of scope occur when producing a wider variety of goods or services in tandem is more cost effective for a firm than producing less of a variety, or producing each good independently. In such a case, the long-run average and marginal cost of a company, organization, or economy decreases due to the production of complementary goods and services.
ميرال محمود محمود سلامة Answered question
