Which of the following statements is NOT TRUE? A calized industrial cluster improves efficiency...
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Finance
Which of the following statements is NOT TRUE?
A calized industrial cluster improves efficiency because it limits the market size by only attracting local firms and local suppliers.
A localized industrial cluster improves efficiency because it creates more competition, availability, and affordability of key inputs from a network of specialized suppliers.
A localized industrial cluster improves efficiency because it frees individual producers from the expense of developing capital equipment internally and by spreading the costs of development by using specialized suppliers.
A localized industrial cluster improves efficiency because it can bring together many firms that collectively provide a large enough market to support a wide range of specialized suppliers.
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