TRUE or FALSE. The larger is the variation in firm demand in an industry with relatively fixed total demand, the smaller are the benefits of clustering. Briefly explain.
TRUE or FALSE. The larger is the variation in firm demand in an industry with relatively fixed total demand, the smaller are the benefits of clustering. Briefly explain.
An equilibrium situation in the market arises when the market demand is equal to the market supply and an increase in firms' demand will tend to increase the price of the commodity which will affect the market conditions.
The larger is the variation in firm demand in an industry with relatively fixed total demand, the smaller are the benefits of clustering. because of which it will affect the industry as a whole and later to the consumers which are associated with it.
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