the term agglomeration economies refers to the economic benefits enjoyed by firms in the same industry that…

the term agglomeration economies refers to the economic benefits enjoyed by firms in the same industry that in a region. for example, in the computer manufacturing industry in the united kingdom, firms that locate near one another can more readily take advantage of increased potential for information sharing among firms that fosters greater technological innovation. 3 mark for review which choice completes the text with the most logical and precise word or phrase? a recur b dissipate c concentrate d terminate

the term agglomeration economies refers to the economic benefits enjoyed by firms in the same industry that in a region. for example, in the computer manufacturing industry in the united kingdom, firms that locate near one another can more readily take advantage of increased potential for information sharing among firms that fosters greater technological innovation. 3 mark for review which choice completes the text with the most logical and precise word or phrase? a recur b dissipate c concentrate d terminate

Answer

Brief Explanations:

The text is about firms in the same industry in a region enjoying economic benefits like increased information - sharing and technological innovation. The word that makes the most sense in the context is "concentrate" as it describes firms clustering together to gain these advantages. "Recur" means to happen again, "dissipate" means to scatter or disappear, and "terminate" means to end, none of which fit the context as well as "concentrate".

Answer:

C. concentrate