Multiple Choice
Which of the following is an example of a producer taking advantage of economies of scope?
A) A farmer buys more land so he can produce more soybeans.
B) GM closes a Chevy truck plant in response to a decline in the demand for trucks.
C) Disney World stays open later to serve more customers per day.
D) A dairy farmer produces cow's milk and butter.
E) A mouthwash firm expands production by improving management efficiency.
Correct Answer:
Verified
Correct Answer:
Verified
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