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Economically, when is it best for a firm to outsource or contract-out some part of its production? (b) Provide an ex of a business task or operation that it would make sense to outsource. (c) Provide an ex of a government task that it would be economically efficient to contract-out. (d) Is there any risk to outsourcing? describe. (e) For a task that is already outsourced, could it make sense to bring it back in-house at some future time? describe.

Microeconomics, Economics

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