A firm is said to have benefited from external economies in production if it has...
ECONOMICS
JAMB 1997
A firm is said to have benefited from external economies in production if it has realized?
- A. a more efficient management of resources
- B. a better combination of factors of production
- C. reduced resources costs due to operation of other firms
- D. a higher profit level due to increased sales
Correct Answer: C. reduced resources costs due to operation of other firms
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