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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
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