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Economics (AS & A Level) · Oct / Nov 2024 · Paper 33 · Question 8

9708Types of cost, revenue and profit, short-run and long-run production

What is an external economy of scale?

  1. Acheaper costs from purchasing large quantities of inputs
  2. Bdecreased interest rates on borrowed funds
  3. Cincreased labour productivity
  4. Drelevant training facilities at a local college

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Correct answer: D. relevant training facilities at a local college

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