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external economies refer to the

external economies refer to the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Cost-saving advantage a firm enjoys when by being close to other firm in the same industry
  • B Disadvantage to a firm that is close to other firms
  • C Economies of large scale production
  • D Economies of low scale production
  • E Artificial scarcity of goods
Correct Answer: Option A
Explanation:

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