What is Economies of Scope
Economies of scope are “efficiencies formed by variety, not volume”. In economics, “economies” is synonymous with cost savings and “scope” is synonymous with broadening production/services through diversified products. Economies of scope is an economic theory stating that average total cost of production decrease as a result of increasing the number of different goods produced. For example, a gas station that sells gasoline can sell soda, milk, baked goods, etc. through their customer service representatives and thus gasoline companies achieve economies of scope.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Economies of scope
Chapter 2: Economies of scale
Chapter 3: Monopoly
Chapter 4: Natural monopoly
Chapter 5: Oligopoly
Chapter 6: Perfect competition
Chapter 7: Opportunity cost
Chapter 8: Profit maximization
Chapter 9: Break-even (economics)
Chapter 10: Experience curve effects
Chapter 11: Marginal cost
Chapter 12: Average cost
Chapter 13: Diminishing returns
Chapter 14: Returns to scale
Chapter 15: Marginal revenue
Chapter 16: Bertrand competition
Chapter 17: Cost curve
Chapter 18: Supply (economics)
Chapter 19: Minimum efficient scale
Chapter 20: Marginal product of labor
Chapter 21: Socially optimal firm size
(II) Answering the public top questions about economies of scope.
(III) Real world examples for the usage of economies of scope in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economies of Scope.
