10 ms·
The market process and diseconomies of scale tend to constrain the size of firms, so much so that "bigness" is a strong indicator that a firm is instead being p
by tw25460241 6y ago
The market process and diseconomies of scale tend to constrain the size of firms, so much so that "bigness" is a strong indicator that a firm is instead being propped up by the political process, e.g., bailouts, regulatory capture.