A firm is said to have benefited from external economies in production if it has…

A firm is said to have benefited from external economies in production if it has realized?
  • A.
    a more efficient management of resources
  • B.
    a better combination of factors of production
  • C.
    reduced resources costs due to operation of other firms
  • D.
    a higher profit level due to increased sales
Correct Answer: Option C
Explanation
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