Which of the following is NOT an advantage of firm coordination of economic activity?
A) Firm coordination decreases transactions costs.
B) When firms coordinate economic activity, there are no opportunity costs.
C) Firms can take advantage of the economies of team production.
D) Economies of scope can be realized by firms that produce a range of goods and services that share specialized resources.

Question

Quizplus · Accepted Answer

Opportunity costs are always present in economic decision-making, even when firms coordinate activities.

Which of the Following Is NOT an Advantage of Firm