Question on: JAMB Economics - 2019
External economies arises essentially from__________
A
a firm's individual policies
B
localisation of industry
C
government economic policy
D
free transferability of shares
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Correct Option: B
The benefits a firm derives from concentration or localisation of industries in a particular area or the benefits a firm enjoys from increase in its output and decrease in cost as a result of the kind of assistance it derives from other firms is seen as an external economie
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