FastSaying

The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism. The most obvious cost of 'organizing' production through the price mechanism is that of discovering what the relevant prices are.

Ronald Coase

CostDiscoveringEstablishFirmMainMain ReasonMechanismMostObviousOrganizingPricePricesProductionProfitableReasonRelevantSeemThroughUsingWhyWould

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