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

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter10: Strategy: The Quest To Keep Profit From Eroding

Section: Chapter Questions

Problem 8MC

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