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Ques\'on 1Mr TraynorEconomicsPack 1 Leaving Certain.thebusinessguys.resection A (continued) 4. Firms within the aircraft industry can benefit from economies of scale. Explain the term economies of
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Economies of scope refer to the cost advantages that a business can achieve by producing a variety of products.
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The purpose of understanding economies of scope is to optimize production and increase profitability.
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