Question: Select the appropriate option. Private governance structures have three basic forms. The predominant mechanism for the coordination of transactions is: ( 1 ) . .

Select the appropriate option.
Private governance structures have three basic forms. The predominant mechanism for the coordination of transactions is:
(1)...the price mechanism
on markets
.
(2)...authority in hierarchical relationships
in hybrid governance structures
.
(3)...contracts
in firms
.

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