Post Utme Rhema University 2023 Commerce Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2023 Commerce Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2023 • COMMERCE • objective

A producer specializing in the production of a particular good may experience economies of scale. What is the primary benefit of economies of scale?

Answer Options

A. Increased competition in the market
B. Improved product quality
Correct Answer C. Reduced production costs
D. Increased market share
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

This is Post Utme Rhema University 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Rhema University Commerce examination.

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