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

Economics

JAMB 1978

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

Explanation

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

Correct Answer: Option B

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