“The Modern Corporation: Origins, Evolution, Attributes,” article review


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“The Modern Corporation: Origins, Evolution, Attributes,” article review


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Revisit the article by Oliver Williamson titled: “The Modern Corporation: Origins, Evolution, Attributes,” Journal of Economic Literature, Volume 19, Issue 4, 1981, pp. 1537-1568. Write an outline of the most critical points raised by the author in the article. Your outline should be 2-3 pages. Define carefully any new terms that you will encounter in the article. Provide business and economic examples based on the new terms. Were there any references to “transaction costs” in the chapters of the book that we have covered till now? Answer items (a) through (d) thoroughly and analytically. Also, attach a bibliography to justify your answers to the above.