Based on the following information, determine the location quotient for Music City and whether this city has a competitive advantage in the entertainment industry. Employment in Entertainment in Music City: 3,020; Total Employment in Music City: 656,785; Employment in Entertainment (nationally) : 2,160,970; Total Employment (nationally) : 106,201,232.
A) 0.23; No, the city does not have a competitive advantage in this industry.
B) 4.43; No, the city does not have a competitive advantage in the industry
C) 0.23; Yes, the city has a competitive advantage in this industry
D) 4.43; Yes, the city has a competitive advantage in this industry
Correct Answer:
Verified
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