1) On page 20 of his text, Coase notes that:
Our task is to attempt to discover why a firm emerges at all in a specialized exchange economy.Ultimately, what answer does Coase provide?2) On page 120 in The Modern Corporation and Private Property, Berle and Means argue that under the corporate system...
The position of the owner has been reduced to that of having a set of legal and factual interests in the enterprise while the group which we have called control, are in the position of having legal and factual powers over it.We need to clarify: what group are referred to as 'control'? Is the separation of ownership from control as problematic as Berle and Means have suggested? What are the problems with this division?3) Describe the notion known as piercing the corporate veil. What are the managerial implications of this doctrine?
4) Are corporations inherently wicked? Inherently good? What is the nature of the corporate enterprise?
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