In industrial location theory, the following is NOT true of agglomeration effects. Agglomeration economies reflect cost savings that result from the clustering of economic activities. Agglomeration effects may explain why some firms choose to locate near their competitors. Agglomeration refers to the clustering of activities for mutual benefit. Alfred Weber did not consider agglomeration in his theory of industrial location.

In industrial location theory, the following is NOT true of agglomeration effects. Agglomeration economies reflect cost savings that result from the clustering of economic activities. Agglomeration effects may explain why some firms choose to locate near their competitors. Agglomeration refers to the clustering of activities for mutual benefit. Alfred Weber did not consider agglomeration in his theory of industrial location.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter23: Managing Vertical Relationships

Section: Chapter Questions

Problem 3MC

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