If there is a low degree of uncertainty combined with a low ...

[lilldybug07]

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.

[cat123]

Answer to Question 1

C

Answer to Question 2

C

[lilldybug07]

Thanks for the timely response, appreciate it

[Chelseyj.hasty]

TYSM