Which of the following have been levied as criticisms of TCE?
A) TCE focuses on cost minimization.
B) TCE understates the cost of organizing.
C) TCE neglects the role of social relationships in economic transactions.
D) all of these

Question

Quizplus · Accepted Answer

All of these criticisms have been levied against TCE. TCE has been criticized for its narrow focus on cost minimization and its failure to consider the full costs of organizing. Additionally, some scholars have argued that TCE neglects the role of social relationships in economic transactions, which can have important implications for contractual arrangements and governance structures.

Which of the Following Have Been Levied as Criticisms of TCE