Difference between economies of scale and economies of scope

Reference no: EM131248663

1. What is the difference between economies of scope and economies of scale? Is it possible for a two product firm to enjoy economies of scope but not economies of scale? Is it possible for a firm to have economies of scale but not economies of scope?

2. What is an experience curve? What is the difference between economies of experience and economies of scale?

Reference no: EM131248663

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