A representative firm works under __________ conditions.

A. average

B. ideal

C. bad

D. good

Answer: Option A

Solution(By Examveda Team)

A representative firm works under average conditions. Representative firm must be one which has had a fairly long life, and fair success, which is managed with normal ability, and which has normal access to the economies, external and internal, which belong to that aggregate volume of production; account being taken of the class of goods produced, the conditions of marketing them and the economic environment generally.