Often, many firms in an industry are located in the same geographic area. Examples include Hollywood (movies),
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Often, many firms in an industry are located in the same geographic area. Examples include Hollywood (movies), Silicon Valley (information technology), Wall Street (finance), and Dalton, Georgia (carpets). Provide an additional example of firms in the same industry locating close together. Use the concepts from this chapter to explain why firms in an industry may decide to locate near each other.
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