Which of the Following Is an Advantage of Clustering

question 32

Multiple Choice

Which of the following is an advantage of clustering?

• A)New entrants can charge higher prices for products as compared to existing firms.
• B)New entrants can have lower cost of gathering regional information about trends in the market.
• C)New entrants can benefit from favorable terms of trade.
• D)New entrants can engage in non-price competition with other firms in the industry.
• E)New entrants can charge low prices for their products.

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