Nobel Prize-winning economist Ronald Coase's view is:

Question

Quizplus · Accepted Answer

Coase's view, as described in his influential work "The Nature of the Firm," is that firms exist when they can lower transaction costs compared to relying on the market. This suggests that he sees a role for firms, and by extension markets, in coordinating economic activity. While he has not addressed derivatives directly, it is unlikely that he would support the idea that they destroy financial markets, given his emphasis on the importance of markets and firms functioning properly.

Nobel Prize-Winning Economist Ronald Coase's View Is