How has this influenced the efficiency of large integrated

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The discussion of "The Shifting Boundary between Firms and Markets" argues that the developments in information and communication technology (for example, telephone and computer) during most of the twentieth century tended to lower the costs of administration within the firm relative to the costs of market transactions, thereby increasing the size and scope of firms. What about the internet?

How has this influenced the efficiency of large integrated firms relative to small, specialized firms coordinated by markets?

Reference no: EM131786260

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