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Consider the following diagram where XYZ repres... - JAMB Economics 1991 Question

Consider the following diagram where XYZ represents the average curve of a firm. XY shows that as out put increases the average declines. However, this decline cannot continue indefinitely because
A
managerial economies
B
indivisibilities
C
the extent of the market
D
the pooling of dissimilar risks
correct option: b
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