Match the items of List II with the items of List I and indicate the code of correct matching T...........

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Match the items of List - II with the items of List - I and indicate the code of correct matching. The items relate to economies of scale/scope.

List - I List - II

(a) Economies of scale (i) arise with lower average costs of manufacturing a product when two complementary products are produced by a single firm

(b) Internal economies (ii) Mean lowering of costs of production by producing in bulk

(d) Economies of scope (iv) Arise when cost per unit depends on the size of the industry, not the firm

Code: -- (a) (b) (c) (d)

(ii) (iv) (i) (iii)

(i) (ii) (iii) (iv)

(ii) (iii) (iv) (i)

(iv) (iii) (ii) (i)

(ii) (iii) (iv) (i)

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