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Question
Which of the following statements is true of geographical clustering?A. The proximity of many competitors serving a local market leads to competition that increases their pricing power in their relationships with both buyers and suppliers.
B. Close proximity of firms eliminates the likelihood of a firm's competitors gaining access to the firm's proprietary knowledge.
C. Clustering invariably leads to lower concentration of pollution and inordinately low housing costs.
D. Proximate firms have an advantage in sharing information that can lead to greater innovation productivity.
Answer
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Related questions
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