Which of the following are the advantages of Nigeria’s membership of ECOWAS?

i. A greater opportunity for trade according to comparative cost advantage.

ii. A large market industries producing under the condition of decreasing cost.

iii. Competition for home-based monopoly firms

A. i and ii only
B. i and iii only
C. ii and iii only
D. i,ii and iii

Correct Answer:

Option A – i and ii only