The following is NOT a reason for the existence of small firms
Question
The following is NOT a reason for the existence of small firmsOptions
A)
Scale of production is limited by size of the market
B)
Expansion brings diminishing returns
C)
Large firms can carter for wide markets
D)
Small firms can provide personal services
E)
All of the above
Related Lesson: Returns to Scale | Theory of Production
The correct answer is B.
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