Discuss the Internalisation Theory ang its implication
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Internalization theory explains the existence of the firm because it is the most efficient way of coordinating a set of activities rather than market exchange. The firm grows when it can absorb markets and it will do so until the costs to the firm of further growth exceed the benefits
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Internalization theory explains the existence of the firm because it is the most efficient way of coordinating a set of activities rather than market exchange. The firm grows when it can absorb markets and it will do so until the costs to the firm of further growth exceed the benefits
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