In His Article "The Nature of the Firm," Ronald Coase

In his article "The Nature of the Firm," Ronald Coase argues that _____

A) market exchange is less costly than hierarchical exchange.
B) markets are more efficient than hierarchies in producing goods that have few substitutes.
C) firms are formed to take advantage of situations in which hierarchies are more efficient than markets.
D) the primary role of an entrepreneur is to take orders from a central authority.
E) markets tend to become less competitive over time.