Which of the following is likely the least important factor for firms in determining production location?...
Which of the following is likely the least important factor for
firms in determining production location?
a. Comparative cost advantage.
b. Environmental standards.
c. Transportation costs.
d. External economies of scale.
Please explain. Thanks!
Homework Answers
Option A
Explanation: Comparative cost advantage.refers to the ability of a country or firm to produce at a lower opportunity cost as compared to another country or firm. Production location decision is not affected much by comparative cost advantage.
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