Exam (elaborations)
Edexcel A-Level Economics Theme 3 Questions & Correct Answers/ Graded A+
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Firm : An organisation that brings together factors of production in order to produce output. Reasons Firms Grow : 1. Increase market share. 2. Increase economies of scale. 3. Gain power. Reasons Firms Remain Small : 1. Legal barriers. 2. Overt barriers 3. High sunk costs. 4. Niche-market...
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