Consider the following diagram where XYZ represents the average curve of a firm. XY shows...
ECONOMICS
JAMB 1991
Consider the following diagram where XYZ represents the average curve of a firm. XY shows that as out put increases the average declines. However, this decline cannot continue indefinitely because
- A. managerial economies
- B. indivisibilities
- C. the extent of the market
- D. the pooling of dissimilar risks
Correct Answer: B. indivisibilities
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