Firms Are Often More Efficient Than Markets as Coordinators of Economic

question 197

Multiple Choice

Firms are often more efficient than markets as coordinators of economic activity because

• A) firms can achieve lower transaction costs.
• B) markets cannot coordinate production.
• C) firms don't rely on economies of scale while markets do.
• D) firm coordination is always more economically efficient than market coordination.

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Acronym for "identification cards," documents or cards that certify the identity of the bearer.