Which of the following is a reason why firms may be more efficient than markets as coordinators of economic activity?
A) economies of scale and scope
B) lower transactions costs
C) economies of team production
D) all of the above

Question

Quizplus · Accepted Answer

Firms can achieve economies of scale and scope, reduce transaction costs, and benefit from team production, making them potentially more efficient than markets in coordinating economic activities.

Which of the Following Is a Reason Why Firms May