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:

Mirrored Reflection

The process of closely examining one's own thoughts, feelings, or actions, as if reflecting them in a mirror.

Unique Assimilation

The process of integrating new information into existing cognitive schemas in a way that is special to the individual.

Association Areas

Regions of the brain that integrate and process information from the sensory and motor areas to perform complex cognitive tasks.

Motor Areas

Regions of the brain involved in the planning, control, and execution of voluntary movements, predominantly located in the frontal lobes.