what's is the meaning of economy of scope?
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An economy of scope means that the production of one good reduces the cost of producing another related good. ... 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.
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- An economy of scope means that the production of one good reduces the cost of producing another related good. ... 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.
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