Nearly a century ago, Alfred Marshall (1920) devoted an entire chapter of his popular economics textbook to the Concentration of Specialized Industries in Particular Localities. Marshall attributed concentration to three factors. Which of the following is not one of the factors that Marshall mentioned?
A) industries are prone to concentration because of the availability of specialized labor.
B) industries are prone to concentration because of the development of specialized suppliers of intermediate goods and services.
C) industries are prone to concentration because of the flows of technology between the industries.
D) industries are prone to concentration because of geographic proximity to institutions of higher learning.
Correct Answer:
Verified
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