WAEC Economics 2023 Objective — Question 17
Question 17 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.
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A small scale firm located within an industrial estate will enjoy a A. government protection and funding. B. technological economies of scale. C. external economies of scale. D. financial economies of scale.
- A. government protection and funding
- B. technological economies of scale
- C. external economies of scaleCorrect
- D. financial economies of scale
Explanation
When firms are located in the same industrial estate, they tend to enjoy shared external economies of scale.
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