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Economics · May / June 2024 · Paper 11 · Question 27

2281Specialisation and free trade

What is an advantage to a firm of specialisation at a national level?

  1. Adependency on supplies from other countries
  2. Bgreater competition from overseas firms
  3. Cgreater depletion of the country's natural resources
  4. Dlower average costs due to economies of scale

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Correct answer: D. lower average costs due to economies of scale

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