Economics
JAMB 2014
If the production of a large firm is higher than that of a small firm, it is experiencing.
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A.
external economies of scale
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B.
external diseconomies of scale
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C.
internal economies of scale
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D.
internal diseconomies of scale
Correct Answer: Option C
Explanation
"Internal economies are those economies in production which occur to the firm itself when it expands its output or enlarge its scale of production"
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