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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Definitions:

Blue Light

A portion of the visible light spectrum, ranging approximately from 380 to 500 nm in wavelength, known for its high energy and effects on plants and human health.

Long Day Plant

A type of plant that requires more than a specific length of daylight (usually more than 12 hours) to initiate flowering.

Short Nights

Refers to periods of the year or geographical locations characterized by a shorter duration of nighttime, affecting various biological processes.

730 Nm

A wavelength of light in the near-infrared spectrum, often used in photosynthesis research or medical therapies.