Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major computer and semiconductor companies located close to each other,thus offering the location-specific advantage of
A)a multipoint competition.
B)an oligopoly.
C)a first mover.
D)externalities.
E)free riders.

Question

Quizplus · Accepted Answer

Silicon Valley offers the location-specific advantage of externalities, which are benefits gained by companies due to their proximity to each other, such as shared knowledge, skilled labor, and innovation.

Silicon Valley in California Is the World Center for the Computer