According to Coase,the Optimal Allocation of Resources Is Guided by _____

question 95

Multiple Choice

According to Coase,the optimal allocation of resources is guided by _____

• A)the decisions of a firm's managers if the good or service is produced in a perfectly competitive environment.
• B)market prices when market transaction costs are greater than the firm's internal organization costs.
• C)the decisions of a firm's managers when market transaction costs are greater than the firm's internal organization costs.
• D)the decisions of a firm's managers when market transaction costs are less than the firm's internal organization costs.
• E)entrepreneurs when the costs of negotiating contracts with resource suppliers are low.