Aviation has thus missed out on the sort of global rationalisation that occurs in most other industries.

为此，航空业错失了在其他大部分行业进行的全球产业整合浪潮。

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But the critics of the company retort that modern communications have reduced transaction costs to a fraction of their former level, rendering Coase's rationalisation of the company anachronistic.

但公司的批评者反驳称，现代通讯已经将交易成本降低至只有以前水平的一小部分，使得科斯的公司合理化理论成为了过去时。

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But the critics of the company retort that modern communications have reduced transaction costs to a fraction of their former level, rendering Coase's rationalisation of the company anachronistic.

但公司的批评者反驳称，现代通讯已经将交易成本降低至只有以前水平的一小部分，使得科斯的公司合理化理论成为了过去时。

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