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Economics · May / June 2016 · Paper 12 · Question 13

2281Firms

Two firms agree to integrate their activities. What must result?

  1. Aa change in their ownership structure
  2. Ba lowering of average costs of production
  3. Ca move from national to international markets
  4. Da reduction in the level of market risk

As printed in the paper

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Correct answer: A. a change in their ownership structure

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