External economies can arise due to several factors, EXCEPT a. specialized and concentrated support industries in one place make it more efficient b. an industry that is already large at first will tend to remain large even though there are many new competitors c. industrial concentration in one place will facilitate technology sharing d. the most suitable workforce is concentrated in a particular place thereby lowering search and hiring costs

External economies can arise due to several factors, EXCEPT a. specialized and concentrated support industries in one place make it more efficient b. an industry that is already large at first will tend to remain large even though there are many new competitors c. industrial concentration in one place will facilitate technology sharing d. the most suitable workforce is concentrated in a particular place thereby lowering search and hiring costs

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter14: Transaction Costs, Imperfect Information, And Behavioral Economics

Section: Chapter Questions

Problem 4QFR

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