Which of the following is an external economy derived by a firm?
Question
Which of the following is an external economy derived by a firm?Options
A)
Low cost opportunities enjoyed by being in a place where other producers concentrate
B)
Technical economics enjoyed by varying the factors of production
C)
Economics of management by putting administrators where the are most efficient
D)
marketing advantages attained through preferential treatment in the purchase and distribution of produce
Related Lesson: External Diseconomies of Scale | Theory of Production
The correct answer is A.
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