JAMB Economics 2019 Objective — Question 36
Question 36 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2019 Objective paper, with the correct answer and a full explanation.
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Internal economies of scale are the advantages which
- A. firms obtain directly from expanding their own operations, partly derived from managerial efficiencyCorrect
- B. firms obtain from clustering together in one location
- C. arise from government subsidies
- D. arise from reduced competition
Explanation
Internal economies of scale are the advantages which firms obtain directly from expanding their own operations; they are also derived from managerial efficiency.
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