Armen Alchian and Harold Demsetz suggest that firms are form…
Armen Alchian and Harold Demsetz suggest that firms are formed when the benefits that can be gained from working as a team are less than the sum of the benefits that could be gained by acting individually. (1)________________(Ture/False) According to Ronald Coase, firms exist to reduce transaction costs. (2)_____________(Ture/False)