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WAEC Economics 2024 Question 30

Question 30

Industrialisation

Locating firms in urban areas may

  1. A.reduce rural-urban migration.
  2. B.ensure balanced development of rural areas.
  3. C.make a firm enjoy the benefits of the existence of other firms.
  4. D.increase urban-rural migration.
Show the answer and explanation

Answer: C (make a firm enjoy the benefits of the existence of other firms.)

Explanation

Firms in cities share infrastructure and services with other firms (external economies).