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Economics · May / June 2024 · Paper 12 · Question 12

2281Firms

Which combination shows the advantages of a small firm over a larger firm?

  1. Abetter communication: no; greater independence: no; lower average cost: yes
  2. Bbetter communication: no; greater independence: yes; lower average cost: no
  3. Cbetter communication: yes; greater independence: yes; lower average cost: no
  4. Dbetter communication: yes; greater independence: yes; lower average cost: yes

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Correct answer: C. better communication: yes; greater independence: yes; lower average cost: no

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