Multiple Choice
Which of the following is an advantage of clustering?
A) New entrants can charge higher prices for products as compared to existing firms.
B) New entrants can have lower cost of gathering regional information about trends in the market.
C) New entrants can benefit from favorable terms of trade.
D) New entrants can engage in non-price competition with other firms in the industry.
E) New entrants can charge low prices for their products.
Correct Answer:
Verified
Correct Answer:
Verified
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