The term nexus of contracts is used to refer to the _____.
A) government
B) market
C) legal system
D) ﬁrm

Question

Quizplus · Accepted Answer

The term "nexus of contracts" refers to the firm, conceptualizing it as a collection of contracts among individuals, including employees, suppliers, customers, and others, rather than as a singular entity. This perspective is rooted in economic and legal theory, emphasizing the firm's role as an intermediary that coordinates and facilitates these various contractual relationships.

The Term Nexus of Contracts Is Used to Refer to the _____