Describes economies of scope

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Reference no: EM13732504

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

Reference no: EM13732504

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