O-LevelEconomicsGovernment and the macroeconomy2281/11 · Oct/Nov 2010 · Q201 Mark
In 2008, XL, the UK's third largest tour operator went out of business. What would have been the effect of this on the level of competition in the industry, the external economies of scale experienced by the remaining firms and the level of business confidence in the UK? level of competition external economies of scale UK business confidence A increase increase reduce B increase reduce increase C reduce increase increase D reduce reduce reduce
Aincrease increase reduce
Bincrease reduce increase
Creduce increase increase
Dreduce reduce reduce
✓ Correct answer
D: reduce reduce reduce
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