Answered

GCSE Economics

Multiple Choice Questions

1. What is most likely to be supplied by small firms?
A. Banking
B. Film production
C. Shoe repair
D. Steel

2. A toy manufacturer merges with a chemical company. What type of integration is this?
A. Vertical integration
B. Horizontal integration
C. Conglomerate integration
D. Forward integration



Answer :

GinnyAnswer

Final answer:

Small firms typically supply products/services showing economies of scale, such as shoe repair. Efficiency in production impacts market structures.


Explanation:

Small firms are most likely to supply products or services that showcase economies of scale, such as shoe repair. Efficiency in production methods is crucial for firm survival and can impact market structures, with industries like restaurant business being characterized by a large number of small firms.


Learn more about Production and Efficiency here:

https://brainly.com/question/38003436


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