Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Why does local concentration of companies in an industry often result in external economies of scale? Provide examples of clusters in the United States and/or
Why does local concentration of companies in an industry often result in external economies of scale? Provide examples of clusters in the United States and/or overseas. Are they always a positive force for the overall economy? In your answer feel free to use bullet points.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started