If the production of a large firm is higher than that of a small firm,...
ECONOMICS
JAMB 2014
If the production of a large firm is higher than that of a small firm, it is experiencing.
- A. external economies of scale
- B. external diseconomies of scale
- C. internal economies of scale
- D. internal diseconomies of scale
Correct Answer: C. internal economies of scale
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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