How can a firm benefit from external economies?
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Correct Answer: Option C
Explanation:
External economies is the benefit which a firm derives from the centration of similar firms which leads to an increase in output and a reduction in the unit cost
The firm will benefit from the area where the industry is located
External economies is the benefit which a firm derives from the centration of similar firms which leads to an increase in output and a reduction in the unit cost
The firm will benefit from the area where the industry is located