Coase - Economics......
Economics discussion, revision, exam and homework help.
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Re: Coase - Economics......Have you tried reading the article this comes from? Which I THINK is:(Original post by ScouseEmma28)
Can anyone interpret this into easy terms please?
"the distinguishing mark of the firm is the supersession of the price mechanism"
Cheers!
R Coase, ‘The Nature of the Firm’ Economica 4 (1937) 386-405, reproduced in L Putterman and R Kroszner, The Economic Nature of the Firm chapter 7
