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Find a firm that takes part in economies of scope. What do they produce? How does this type of production lead to lower costs? AND
Find a firm that takes part in economies of scope. What do they produce? How does this type of production lead to lower costs?
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In lecture we talked about the variable and fixed costs associated with operating a cruise ship. Give another real world example of something that has fixed and variable costs. Specify what these costs are and why you identified them as fixed or variable.
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