Which of the following describes the difference between economies of scale and economies of scope? The difference is that economies of scale are characterized by a firm's short run average total cost curve. Economies of scope deal with a firm's ability to add inputs to production.   economies of scale are characterized by a decreasing long‑run average total cost curve due to specialization of labor. Economies of scope deal with firm's ability to produce related products due to similar production processes.   economies of scale are characterized by an increasing long‑run average total cost curve. Economies of scope deal with a decrease in a firm's short run total cost.   economies of scale are characterized by a firm's ability to add products that are interdependent. Economies of scope are characterized by a decreasing long‑run average total cost curve.

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