Using transaction theory and then the property rights approach explain when a firm would want to employ a person or buy an asset (Vertical Integration) versus buying goods/services in the market?

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Using transaction theory and then the property rights approach explain when a firm would want to employ a person or buy an asset (Vertical Integration) versus buying goods/services in the market?

Using transaction theory and then the property rights approach explain when a firm would want to employ a person or buy an asset (Vertical Integration) versus buying goods/services in the market?

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