please discuss the responses on the 2 posts below (response each separately:

1. Economies of scale happen when a company has production costs that do not increase anymore but rather they decrease due to bulk production. Economies of scope happen when a company has many varieties of a product thus making the cost of production lower. Sirius XM has more than 36 million subscribers and Pandora has over 70 million monthly users.Since Sirius is already the leading subscription radio provider, adding the largest US streaming platform is huge.The effect of economies of scale in relation to this merger is great because both companies are well established companies. They do not have high production costs anymore because of the sheer volume of users. When merged together the economy of scale is even more prevalent. The economy of scope for the companies is large because they both produce varieties of their product. Pandora has a free version along with a premium paid version. Sirius XM has many levels to their subscription. When added together the variety of how we will receive our music changes even more. Both the economies of scale and scope will strengthen with this merger. The merge will allow Sirius to find ways to save even more money making this merge very profitable for both sides of the merger. They will still both have the features we are all used to but they will be able to reduce the costs because they both use the same type of platform to get the music to the listeners. One of the operating synergies that will come with this merger is that ability to use the same technical assets to run the business. There are no new costs associated with this merger. They will just further their scope into the streaming world. Being able to bring Sirius Radio into the home and office rather than just the car. The synergy with the economies of scale come from being able to offer both services for one price to the consumer. They will in essence be able to scale their products together in one package for the listeners. If I am already subscribed to Sirius, my subscription might go up a little but will allow me to have the scale of the access to Pandora. This merger makes sense to both the consumer and the businesses.
2. Economies of Scalerefers to an increase in production over cost advantage in the long run. Subsequently, as a company increases its production capacity it somehow reduces the average cost of production automatically, yielding more profits for the firm. Moreover, this controls the price of the goods and services produced and benefits all by increasing its demand, consumption, and supply. The economies of scale benefit the larger organization more than the smaller one is as they acquire all the essential resources and are generally well-equipped to expand the manufacturing units and to enhance the level of output creation. Economies of Scoperefers to the benefits gained by the production of two different set of commodities at the same time. As producing both together is more cost-effective than producing them separately. It simply means that producing one good at a time increases its cost of production and thus, resulting in a higher price level. While production of one good decrease the production cost of another good at the same time. In both the scenarios the factors of cost-control work efficiently through different styles of production. Where in the case of Economies of Scale, the cost gets reduced due to an increase in the level of production. On the other hand, under Economies of Scope, the cost of production falls because more than one type of product is produced at a time through diversification. Similar things happened inthe Renault-Nissan-Mitsubishi Alliance,as in the context of Economies of Scale, all these car manufacturing companies started its bigger and larger production units together. Thus, producing more on lower average cost, which controlled the price of the cars and raised its demand in the global market. Gradually, it became the leading light/electric vehicle manufacturing group worldwide. The synergies which came out of economies of scale scenario were Renault, Nissan, and Mitsubishi getting merged and carrying out the production of vehicles on a large scale. In case of Economies of Scope, the Renault- Nissan-Mitsubishi Alliance covered different segments of vehicle manufacturing at the same time, which made them to yield more advantages Bottom of Form