GCE Economics 2022 Objective — Question 30
Question 30 of 50 from the General Certificate of Education (GCE) Economics 2022 Objective paper, with the correct answer and a full explanation.
Advertisement
The use of mass advertising media will enable a firm to enjoy
- A. managerial economies
- B. financial economies
- C. marketing economiesCorrect
- D. welfare economies
Explanation
Mass advertising, where producers of similar products jointly advertise to the public, allows a firm to enjoy marketing economies of scale.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.