"When the cost of producing a unit of a good falls because the firm uses specialized resources to produce a range of goods and services" is the definition of
A) economies of scope.
B) economies of scale.
C) economic efficiency.
D) technological efficiency.

Question

Quizplus · Accepted Answer

Economies of scope occur when a firm can produce a range of goods more cheaply in combination than separately, often due to the use of specialized resources.

"When the Cost of Producing a Unit of a Good