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JAMB Commerce 2014 Objective — Question 6

Question 6 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

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One of the major determinants of the volume of production is

  • A. the market sizeCorrect
  • B. the availability of banks
  • C. sex distribution
  • D. government

Explanation

The larger the size of the market, the larger the production unit tends to be.

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