Commerce Short Question | Gkseries

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Question

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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