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

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Correct Option: B

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