passwella.
Menu

WAEC Economics 1999 Question 11

Question 11

Industrialisation

The benefit that results from concentrating similar firms in an area is referred to as

  1. A.external diseconomies of scale
  2. B.internal diseconomies of scale
  3. C.internal economies of scale
  4. D.external economies of scale
Show the answer and explanation

Answer: D (external economies of scale)

Explanation

Benefits a firm gets from the concentration of the industry around it are external economies of scale.