Travel websites such as Travelocity tend to offer reservation services for multi

Question

Travel websites such as Travelocity tend to offer reservation services for multiple travel modes. This is because:

A. the firms have statutorial obligations to offer reservations for airlines and? railroads, for example.

B. once the firm has the reservation technology for? airlines, there are economies of scale in offering the same service for railroads.

C. once the firm has the reservation technology for? airlines, there are economies of scope in offering the same service for railroads.

D. the firms have contractual obligations to offer reservations for airlines and? railroads, for example.

Explanation / Answer

When cost of proddcing two or more distinct goods together is ess than that of producing each good seperately

Hence Option C best describes in our context

Option C is correct response

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