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What are advantages of organizing economic activity inside of a firm check all that apply quizlet?

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What are advantages of organizing economic activity inside of a firm check all that apply?

The advantages of organizing economic activity within firms include the ability to make command-and-control decisions along clear hierarchical lines of authority; coordination of highly complex tasks to allow for specialized division of labor; transaction-specific investments, such as specialized robotics equipment ...

When a firm is more efficient in organizing economic activity than markets are the firm should?

When firms are more efficient in organizing economic activity than are markets, firms should vertically integrate. Costs of searching for a firm or an individual with whom to contract and then negotiating, monitoring, and enforcing the contract.

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advantages organizing economic activity inside firm check apply quizlet

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