Author Question: If there is a low degree of uncertainty combined with a low degree of asset specificity, _____ will ... (Read 89 times)

lilldybug07 · **on:** Jun 30, 2018

If there is a low degree of uncertainty combined with a low degree of asset specificity, _____ will be efficient.
a. long-term contracts
b. short-term contracts
c. market transactions
d. vertical integration

Question 2

When outcomes are uncertain
A) people always look for the sure thing.
B) people are willing to pay risk premiums.
C) people often need to be paid a risk premium before they take a certain course.
D) none of these choices.