If markets are so wonderful, why do firms exist?

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Managerial Economics and Organizational Architecture

ISBN: 978-0073375823

5th edition

Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr

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Question Posted: Apr 10, 2018 09:38 AM

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If markets are so wonderful, why do firms exist?

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Firms exist because of the contracting costs associated with markets For exa...View the full answer

Managerial Economics and Organizational Architecture

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