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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Definitions:

Unconscionable

Something shockingly unfair, unjust, or unreasonable, often applied in legal contexts to describe contracts or actions.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify such transactions across states.

Refuse to Enforce

The act of a court declining to uphold or implement a contract, agreement, or law deemed unfair, illegal, or against public policy.

International Sales

Transactions involving the sale of goods or services across national borders, subject to various international commercial terms and laws.