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The following is NOT a reason for the existence of small firms

Economics
JAMB 1978

The following is NOT a reason for the existence of small firms
  • A. Scale of production is limited by size of the market
  • B. Expansion brings diminishing returns
  • C. Large firms can carter for wide markets
  • D. Small firms can provide personal services
  • E. All of the above
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Correct Answer: Option B
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