Economics (AS & A Level) · May / June 2021 · Paper 31 · Question 8
9708Growth and survival of firms
What would be likely to help a small firm to survive and what might be a threat to its survival?
- Acontestability of the market; expensive new technology
- Bcustomers valuing personal service; new government regulations on its business
- Clow barriers to entering its industry; managerial diseconomies of scale
- Dselling a homogeneous product; new firms entering the market
As printed in the paper
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Correct answer: B. customers valuing personal service; new government regulations on its business
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