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Did Oliver E. Williamson specialize in macroeconomics or microeconomics?
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Answer
Oliver E. Williamson was a microeconomist who specialized in the study of industrial organization. He was one of the founders of the field of transaction cost economics, which focuses on the costs of using the market to organize economic activity. Williamson's work has been influential in the development of antitrust law and public policy.
Discovering the Economics Legacy: The Oliver E. Williamson Quiz
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