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both please Question 13 (2 points) What is the difference between economies of scope and economies of scale? Economies of scope are savings derived from
both please
Question 13 (2 points) What is the difference between economies of scope and economies of scale? Economies of scope are savings derived from producing different products jointly; economies of scale are savings in costs gained by producing more of the same good. Economies of scope always have higher production cost than economies of scale. They are exactly the same. Economies of scope saves money: economies of scale spend more money. Question 14 (2 points) Which of the following is considered as non-profit-seeking institutions? Investor-owned hospitals and nursing homes, Tax-exempt hospital and nursing homes, Private hospitals and nursing homes, None of the above Step by Step Solution
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