A Theory of Inefficient Intrafirm Transactions: November 1988 (Classic Reprint) - Softcover

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Excerpt from A Theory of Inefficient Intrafirm Transactions: November 1988

Unrelated individuals work together within firms. Firms have rules governing the relationships of these individuals. Some individuals within the firm have authority, they decide what others should do and how much to pay them. They also decide what activities the firms lets outsiders carry out under contract.

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