Final answer:
Hub firms are central firms that connect and orchestrate disparate industries, extract disproportionate value, and can cause new threats.
Step-by-step explanation:
The statement is not correct for hub firms. Hub firms, also known as central firms, occupy increasingly central positions in our economy. They connect and orchestrate traditionally disparate industries, allowing for collaboration and synergy. Hub firms also extract disproportionate value and can tip the global competitive balance. Additionally, hub firms can cause a range of new threats, such as disinformation and economic disparity.