Why do technology firms cluster in Silicon Valley?
A) Costs are lower near other technology firms, but the cluster need not be located there.
B) Silicon Valley has lots of silicon, which is used in producing computer chips.
C) The government subsidizes technology firms if they are located in Silicon Valley.
D) Electricity is cheaper in Silicon Valley than anywhere else in the world.
Correct Answer:
Verified
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Q144: A constant cost industry is one in
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