Part 1. In common words, please describe the difference between Economies of Scale and Economies of Scope-Do NOT retype book or internet definitions.
Part 2. Explain the positive affects a cupcake manufacturer would have by expanding through Economies of Scale.Part
3. Explain the positive affects a cupcake manufacturer would have by utilizing Economies of Scope.Make suer to make the answers clear and separated in 3 part as it is asking.Preferred language style US English.
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