Industrial Organization

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Delving into the inner workings of firms, the narrative explores the mindsets of owners and managers while examining external factors like size and complexity. It then shifts focus to communities of firms, highlighting dynamics such as mergers and market chaos. The book also addresses the interactions between firms and external forces like corporate raiders and antitrust agencies. By framing these observations as feedback loops, it emphasizes the critical nature of separating ownership from control in firms, urging society to reconsider its significance.