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Answer the following concerning the benefits and costs of labor pooling:

(a) What are the benefits to a firm of locating in an industry cluster as opposed to an isolated site?

(b) What are the costs to a firm of locating in an industry cluster as opposed to an isolated site?

(c) Explain why the benefits exceed the costs if the firm locates in the cluster

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91228435

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