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Exercise 2: Industry Clusters: Agglomeration and Transaction Costs The industries of Apparel Manufacturing and Video and Film Production are both located in urban regions of
Exercise 2: Industry Clusters: Agglomeration and Transaction Costs The industries of Apparel Manufacturing and Video and Film Production are both located in urban regions of Southern California. Using the principles of Weberian Location Theory and agglomeration, please list two or three items in each box that you think are important elements for reducing transactions costs in these industries. Be specific and detailed with your list. You can use the example of aerospace industry in Section 9.3 for ideas
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