What is implied when the total cost of producing Q1 and Q2 together is less than the total cost of producing Q1 and Q2 separately?
a) Economies of scale.
b) Diminishing average fixed costs.
c) Diseconomies of scale.
d) Economies of scope.
a) Economies of scale.
b) Diminishing average fixed costs.
c) Diseconomies of scale.
d) Economies of scope.
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