Option 1 -> Collaboration allows firms to share resources and infrastructure, reducing individual fixed investment needs - this statement is correct.
Option 2 -> Leasing an asset instead of buying it actually REDUCES fixed capital requirement since no large upfront purchase is needed; only periodic lease payments are made - this statement is INCORRECT.
Option 3 -> Technology upgradation requires investment in new equipment and systems, increasing fixed capital needs - this statement is correct.
Option 4 -> Higher firm growth demands more capacity, infrastructure and equipment, requiring higher fixed investment - this statement is correct.
Hence, Option 2 -> Statement 2 is incorrect because leasing fixed assets reduces (not increases) the fixed capital requirement. When you lease instead of buy, you avoid the large upfront capital investment and instead make periodic payments, thereby decreasing your fixed capital needs -> correct