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WAEC Economics 2000 Question 9

Question 9

Theory of Production

One of the internal economies of large scale production is

  1. A.administrative economies
  2. B.market economies
  3. C.regional economies
  4. D.horizontal economies.
Show the answer and explanation

Answer: B (market economies)

Explanation

Marketing economies (buying and selling in bulk) are enjoyed inside a large firm, so they are internal economies.