Which of the following are benefits of "a cluster of firms?" Check ALL that apply.    knowledge spillovers generalized suppliers reduced periods of unemployment collusion vertically integrated firms specialized suppliers protection of intellectual property

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter14: Transaction Costs, Imperfect Information, And Behavioral Economics
Section: Chapter Questions
Problem 2QFR
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Which of the following are benefits of "a cluster of firms?" Check ALL that apply. 

 

  • knowledge spillovers
  • generalized suppliers
  • reduced periods of unemployment
  • collusion
  • vertically integrated firms
  • specialized suppliers
  • protection of intellectual property
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