Economics · Oct / Nov 2025 · Paper 22 · Question 3
2281
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The question as text
In April 2023, a French cosmetics firm merged with an Australian cosmetics firm. It is expected the merger will lower average total cost as the new firm is likely to benefit from greater internal economies of scale. A manager stated that a key aim is to make the firm’s production more sustainable by using raw materials taken from renewable sources. In most countries, the cosmetics firm’s products, including perfume, are taxed at a higher rate than food.
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3(a)[2]
3(b)[4]
3(c)[6]
3(d)[8]
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