1 -Analyze systematically and thoroughly the assumptions made about firms by the various schools of economic thought....
Question:
1-Analyze systematically and thoroughly the assumptions made about firms by the various schools of economic thought.
Some of these schools are: I-The Classical School II-The Neoclassical School III-The Institutional School IV-The Austrian School V-The Behavioral School VI-...etc.
2- Analyze the statements/points/arguments that you encounter in a Business Law class about the types/variety of firms in existence. That is, I do not want you to discuss the existing Types of Legal Structures for Business:
Sole proprietorship. General partnerships. Limited liability partnership. Limited partnership. Limited liability company. Business corporations.
You will take the above as given, and...you will move beyond the legal viewpoint/analysis.
3 - Analyze systematically and thoroughly the economic, behavioral, institutional, evolutionary...etc. factors that contributed to the rise of firms. I will provide guidance and assistance as you proceed with your research.
Expert Answer:
1 Assumptions about firms by various schools of economic thought I The Classical School Firms are profitmaximizing entities They operate in a competitive market with perfect information Firms have a c... View the full answer
