If your firm fears being held up by an outside supplier of


1. What have been the various effects of the computer/telecommunication revolution on the sizes of firms?

2. Why would a firm hire its own accountants to keep the books but, at the same time, use outside lawyers to do its legal work?

3. If your firm fears being "held up" by an outside supplier of a critical part to your production process, what can your firm do to reduce the chance of a hold up?

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Microeconomics: If your firm fears being held up by an outside supplier of
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