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

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.