, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a … "spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …

, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a … “spinouts”: managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …

, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a … "spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …