Economics 9708 · AS & A Level · 7.7

7.7 — practice question

Which of the following is not a reason why small firms exist in a market dominated by large companies?

  • ASmall firms can concentrate on providing specialist services.
  • BSmall firms enjoy greater economies of scale.
  • CSmall firms enter the market with new innovative ideas.
  • DSmall firms have good knowledge of local markets.

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