Coase makes a case for the benefits of internalizing contracting services as a means to lower market transaction costs, incentivizing the emergence of firms within a free market. Too much growth, however, risks diminishing returns to the firm because of problems with centralized planning and bureaucratic management. This balance establishes the boundaries of a firm's growth. However, the growth of present-day firms seem unimpeded by this dynamic. How might Carson or Long explain this

Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution. a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent