Explain Ronald Coases theory of why firms exist. Why isnt all production consolidated in one large firm?

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Explain Ronald Coase’s theory of why firms exist. Why isn’t all production consolidated in one large firm?

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Microeconomics A Contemporary Introduction

ISBN: 978-1111415921

9th edition

Authors: William A. McEachern

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Question Posted: Dec 12, 2015 05:26 AM

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Explain Ronald Coases theory of why firms exist. Why isnt all production consolidated in one large firm?

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According to Coase firms develop whenever organizing activities through the firm is more efficient ...View the full answer

Microeconomics A Contemporary Introduction

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