Question

define the economic of scope as the reduction of a firm unit cost by producing two or more goos or services jointly rather than separately​

Answer 1

Explanation:

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.Aug 21, 2020