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 - IList - II(a) Economies of scale(i) arise with lower average costs of manufacturing a product when two complementary products are produced by asingle firm(b) Internal economiesii) Mean lowering of costs of production by producing in bulkc) External economies(iii) Arise when cost per unit depends on size of the firm(d) Economies of scope(iv) Arise when cost per unit depends on the size of theindustry, not the firm

(a) - (iv), (b) - (iii), (c) - (ii), (d) - (i)

(a) -(ii), (b) - (iv), (c) - (i), (d) - (iii)

(a) - (i), (b) - (ii), (c) - (iii), (d) - (iv)

(a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)

Match the items of List - II with the items of List - I and indicate t

1.	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 - IList - II(a) Economies of scale(i) arise with lower average costs of manufacturing a product when two complementary products are produced by asingle firm(b) Internal economiesii) Mean lowering of costs of production by producing in bulkc) External economies(iii) Arise when cost per unit depends on size of the firm(d) Economies of scope(iv) Arise when cost per unit depends on the size of theindustry, not the firm
A.	(a) -(ii), (b) - (iv), (c) - (i), (d) - (iii)
B.	(a) - (i), (b) - (ii), (c) - (iii), (d) - (iv)
C.	(a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)
D.	(a) - (iv), (b) - (iii), (c) - (ii), (d) - (i)
Answer» D. (a) - (iv), (b) - (iii), (c) - (ii), (d) - (i)

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