The Growth in the Scope of Business Enterprises for Most

Multiple Choice

The growth in the scope of business enterprises for most of the 19th and 20th centuries can be attributed to a drop in administrative costs of firms relative to the transaction costs of market.This resulted from:

A) The monopolistic power of large firms to raise prices and push down wages
B) Globalization
C) The growing transaction costs of markets as a result of taxes,regulation,and litigation
D) Innovation in information and communications technology and in management