If firms were teams then there would be a problem of
A) free-riding.
B) spontaneous order.
C) market-based management.
D) internal externalities.
Correct Answer:
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Q4: The way one firm relates to another
Q6: Assume that deciding to do internally something
Q7: If firms were teams, then there is
Q8: Ronald Coase argued that firms exist due
Q10: Risk is shifted to the owners of
Q11: All the costs of a transaction are
Q12: If a firm decides to produce a
Q13: The market for control of corporations serves
Q14: Firms exist because of
A)incomplete contracts.
B)team production.
C)the incentive
Q16: It is sometime useful to view each
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