Essay
How can regional concentration of firms in an industry lead to external economies of scale? Give examples of these types of industrial clusters in the United States.Are they always beneficial?
Correct Answer:

Verified
When an industry is highly concentrated ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q26: Which of the following is NOT an
Q27: Internal economies of scale means that<br>A)firms are
Q28: Suppose that the United States decided to
Q29: Is it possible that trade could prevent
Q30: Suppose that the United States decided to
Q32: Explain what rent seeking is and how
Q33: Intraindustry trade can lead to lower prices
Q34: Benefits of R&D spending to foreigners may
Q35: If the United States and Mexico trade
Q36: When there are external economies of scale