According to Coase, firms emerge when a. transaction costs in ...

[cherise1989]

According to Coase, firms emerge when
 a. transaction costs in the market are less than the cost of hierarchical control
  b. transaction costs in the market are more than the cost of hierarchical control
  c. prices in the market are less than the cost of hierarchical control
  d. prices in the market are more than the cost of hierarchical control
  e. implicit contracts in the market can be made explicit in a firm

Question 2

Foreign exchange rates tend toward equality around the world because of the actions of
 a. central banks
  b. stock markets
  c. commodity markets
  d. the World Bank
  e. arbitrageurs

[lorealeza]

Answer to Question 1

B

Answer to Question 2

E

[cherise1989]

Excellent

[bitingbit]

Gracias!