Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.