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external economies refer to the

Economics
WAEC 1998

external economies refer to the
  • A. cost-saving advantage a firm enjoys when by being close to other firm in the same industry
  • B. disadvantage to a firm that is close to other firms
  • C. economies of large scale production
  • D. economies of low scale production
  • E. artificial scarcity of goods
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Correct Answer: Option A
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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