O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2022 · Q101 Mark

A manufacturer of medical supplies benefits from improved road links to its main markets. What benefit definitely occurs as a result?

Aincreased average revenue

Bincreased external economies of scale

Cincreased internal economies of scale

Dincreased market share

✓ Correct answer

B: increased external economies of scale

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 1, question 10.

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