Economics 2281 · O Level · Firms

Firms — practice question

Which combination illustrates the advantages that a small firm has compared with a larger firm?

  • Abetter communication: no; greater independence: no; lower average cost: yes
  • Bbetter communication: no; greater independence: yes; lower average cost: no
  • Cbetter communication: yes; greater independence: yes; lower average cost: no
  • Dbetter communication: yes; greater independence: yes; lower average cost: yes

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI