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QUESTION 1 a. Discuss any FIVE (5) factors affecting demand b. Define internal and external economies of scales. c. Describe in detail FOUR (4) characteristics

QUESTION 1

a. Discuss any FIVE (5) factors affecting demand

b. Define internal and external economies of scales.

c. Describe in detail FOUR (4) characteristics of internal economies of scale and FOUR (4) external economies of scale by providing examples for each.

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