In both, average cost decreases as firm/industry expands
but In Economies of scope means average cost decreases as varieties of goods increases
whereas in Economies of scale, means average cost decreases as more quantity is produced.
Define and describe the similarities or differences between "Economies of Scope" and "Economies of Scale".
Define ‘economies of scope’ and ‘economies of scale’. Discuss how they are similar. Discuss how they differ. Explain how either could be used to sustain positive economic profits (up to and including a monopolistic position).
TICUNUL 7. Distinguish between the concept of economies of scale and economies of scope with real world example in case of mergers and acquisition. A . ID
Describe the similarities AND differences between mixtures and solutions. Similarities Differences
What is the difference between economies of scale and economies of scope? Suppose Nike’s managers were considering expanding into producing sports beverages. Why might the company decide to do this under the Nike brand name?
Describe similarities and differences between subjective relativism and ethical egoism. (4%) 9: Describe similarities and differences between divine command theory and Kantianism. (4%) 10: Describe similarities and differences between subjective relativism and act utilitarianism. (4%) 11: Describe similarities and differences between Kantianism and rule utilitarianism. (4%)
Select ANY company, which is enjoying economies of scale, economies of scope or both. Explain briefly how this company achieves the economies of scale/scope.
Do you think there are economies of scale and economies of scope in health care markets? Answer providing examples.
define economies of scale. Explain why economies of scale are so important.
First explain what is the difference between an economy of scale and an economy of scope? Then identify a recent merger/acquisition and use it to and explain if the merger/acquisition predominately about gaining economies of scale or economies scope?
Describe the major differences and similarities between gymnosperms and angiosperms.