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According to Coase's theory of the firm, why do firms exist? How do firms contribute to...

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Economics

According to Coase's theory of the firm, why do firms exist? How dofirms contribute to the efficiency of the market economy in waysthat networks of independent contractors do not? How are theboundaries of the firm best established?


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The transaction theory of cost or Coase theorem is developed by Ronald Coase There are a number of transaction costs put forward by this approach include enforcement costs decisions costs and information costs Coase accepts that firms exist since they get    See Answer
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