increased profits

What Are The Benefits Of The Economies Of Scale And The Economies Of Scope?

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What Are The Benefits Of The Economies Of Scale And The Economies Of Scope? Strictly speaking, an economy of scale allows a company to reduce production cost by sharing fixed overhead and other fixed costs across more units of a single good. An economy of scope enables a firm to reduce costs by sharing fixed

What Incentive Do High Prices Offer Producers?

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What Incentive Do High Prices Offer Producers? High prices are signals to producers to produce more and buyers to buy less. Low prices are signals for producers to produce less and for buyers to buy more. What is the incentive for producers? An incentive is something that motivates a producer or consumer to follow a