Which of the following is the most likely result when there are economies of scope?
a. outsourcing
b. vertical integration
c. natural monopoly
d. multi-product firms
e. adverse selection
D
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Holding all else constant, if the U.S. government restricts capital outflows, then the equilibrium value of the U.S. dollar will:
A. appreciate B. remain fixed. C. depreciate. D. be determined by the Federal Reserve.
What is a firm? What other terms do economists use interchangeably with the term "firm"?
What will be an ideal response?
Under TANF, by the year 2002, half of adult recipients were supposed to be in some form of work activity
Indicate whether the statement is true or false
Suppose two firms operate under a system of marketable pollution permits. If it costs Firm A $25 to reduce pollution by 1,000 units per day, and Firm B can reduce costs by $35 by increasing pollution by 1,000 units per day:
A. the firms cannot gain by trading the right to pollute. B. both firms can benefit if Firm A trades the right to pollute 1,000 units to Firm B for $30. C. both firms can benefit if Firm A trades the right to pollute 1,000 units to Firm B for $40. D. both firms can benefit if Firm B trades the right to pollute 1,000 units to Firm A for $30.