The difference between economies of scale and economies of scope ...

[Lobcity]

The difference between economies of scale and economies of scope is:
 a. economies of scale occur whenever inputs can be shared in the production of different products
  b. economies of scope occur whenever inputs can be shared in the production of different products
  c. economies of scale can occur when two or more products are produced
 d. economies of scope can occur when two or more products are produced
 e. both b and d

Question 2

Vertical contracts between manufacturers and retailers often aim to
 a. Incentivize the retailers to undertake costly activities, which they otherwise may not realize the full benefits of on their own
  b. Serve as a signal of the manufacturer's belief of the likely success of his product
 c. Reimburse the retailer for the cost of managing an extended inventory
 d. All of the above

[Jmfn03]

Answer to Question 1

e

Answer to Question 2

d

[Lobcity]

Correct answers!

[Jmfn03]

Great! Please up vote