An advantage a small firm has over a large firm is that the former can...

Economics

WAEC 2024

An advantage a small firm has over a large firm is that the former can better

A. enjoy financial economics of scale
B. satisfy individual tastes.
C. enjoy internal economics of scale.
D. attract huge discounts on inputs.

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Correct Answer: Option C

Explanation

C: Smaller firms enjoys internal economics of scale because it can still add more inputs to produce more output without changing any capital components.

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An advantage a small firm has over a large firm is that the former can...

Correct Answer: Option C

Explanation

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