How can a firm benefit from external economies?

Assessment: JAMB UTME - Economics - 2015 Subject: Economics

Question 1 Report

How can a firm benefit from external economies?
Answer Details
External economies is the benefit which a firm derives from the centration of similar firms which leads to an increase in output and a reduction in the unit cost
The firm will benefit from the area where the industry is located
Read lesson note on Market Structure (JAMB)
Read lesson note on Economic Growth And Development (JAMB)
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