firms more efficient than markets LEAST LIKELY?

i thought it was most likely... but i chose that answer
 
post the answer, dont have the books handy
 
team production is one of the reasons that is more efficient
 
"Why firms?
1. Lower transaction costs
2. Economies of scale
3. Economies of scope
4. Economies of team production" CFAI book 2

Milos
 
Question was least likely.

Options?

Economies of Scope?
Outsouring?
Team Production?
Last one?
 
I actually liked the outsourcing option as one of the benefits.
 
oh wow i suck i put transaction costs...i rmr doing a practice qbank question and the answer was transactin costs but that could be for a totally diff chapter and topic for all i know...
 
outsourcing is why market coordination is more efficient. so the least likely reason firms are more efficient is outsourcing
 
Just checked book. Answer should have been outsourcing. I put transaction costs.
 
I first put outsorcing and then changed it to transaction costs, because i remembered the example where it was transaction costs.
 
I guess outsourcing is market allocation since it's between firms.
 
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