A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2017 · Q91 Mark
What could be a reason for the existence of small firms in various industries?
- What could be a reason for the existence of small firms in various industries? A a low minimum efficient scale of production B greater scope for specialisation and division of labour C the need to diversify in order to reduce risk D the principal-agent problem[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] A
Write your answer and get it marked
On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.
Sign up free →