4) How does the concept of economies of scale differ from the concept of economies of scope?

12) How can managers' personal incentives result in value-destroying mergers and acquisitions?

13) What is the difference between economies of scope and economies of scale? Can two firms involved in a merger benefit from both economies of scale and economies of scope?

14) What is the Herfindahi-Hirschman Index? How is it calculated and interpreted?