Yes according to Coase. Firms exist to economize on the cost of coordinating economic activity. Firms are characterized by the absence of the price mechanism.

Yes according to Coase. Firms exist to economize on the cost of coordinating economic activity. Firms are characterized by the absence of the price mechanism. https://www.kellogg.northwestern.edu/faculty/hubbard/htm/research/ec174/lectures/3coase.htm https://www.kellogg.northwestern.edu/faculty/hubbard/htm/res...