Post Utme Bells University 2021 Commerce Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Bells University Commerce examination.

Post Utme Bells University 2021 Commerce Objective / Multiple Choice
Question 36 POST_UTME_BELLS_UNIVERSITY • 2021 • COMMERCE • objective

A firm specializes in producing only one product. This specialization leads to economies of scale in production, but it also makes the firm vulnerable to changes in demand for that product. What is the name of this phenomenon?

Answer Options

A. Economies of scale
Correct Answer B. Diseconomies of scale
C. Risk aversion
D. Opportunity cost
Correct Answer
B
Correct Option:
Diseconomies of scale

About This Question

This is Post Utme Bells University 2021 Commerce Question 36. It is one of the objective questions from the 2021 Post Utme Bells University Commerce examination.

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