Transaction cost economies and talk about if the theory is true by giving example.
( What causes the market to fail)
Describe a scenario for the following criteria (give examples about TWO firms at least) And talk about what causes them to fail and validate if transaction cost economies theory is true
Criteria
Uncertainty
Idiosyncratic asset
Opportunism
Small no. of firms.
The firms must be an established firms and remember to cite them when giving the examples
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