A-LevelEconomicsTheory of the FirmMay/June 2019Paper 3 Q71 Mark
In many developed economies, large and small firms often exist side by side in the same industry. What is most likely to explain the survival of the small firms? A They each offer a much wider range of products. B They have a higher minimum efficient scale. C They pay much higher wages to their staff. D They provide a more personal level of consumer service.
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