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Commerce Short Question | Gkseries

Q.

Which one of the following statements is false ?

[A] Normally, a price demand curve slopes downward from left to right.
[B] Economies of scale and economies of scope are the same.
[C] For optimization, equality between marginal cost and marginal revenue is a necessary condition but it is not a sufficient one
[D] Law of variable proportions denotes input-output relationship during short-run
Answer & Explanation

Answer: Economies of scale and economies of scope are the same.

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