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Economies of scope

• Scope economies exist whenever the same investment can support multiple profitable activities less expensively in combination than separately.

• Economies of Scope is the reduction in per unit cost of production as related outputs are produced using the same inputs.

 
 Embedded terms in definition
 Combination
Production
Support
Unit
 
 Related Terms
 Economies of scale

<< Economies of scale Ecu >>

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