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Author Question: Which of the following is NOT true of an incomplete contract? a. It discourages parties from acting ... (Read 39 times)

mpobi80

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on: Jun 30, 2018
Which of the following is NOT true of an incomplete contract?
 a. It discourages parties from acting opportunistically.
  b. It increases the cost of negotiation.
  c. It allows renegotiation among parties if certain events occur.
  d. It contains provisions for terminating the contract if certain events occur.

Question 2

Buying a product in one market and selling it in another is called
 A) competition.
  B) arbitrage.
  C) efficiency.
  D) comparative advantage.


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nguyenhoanhat

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


mpobi80

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Reply #2 on: Jun 30, 2018
Thank you :)


nguyenhoanhat

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Reply #3 on: Jun 30, 2018
Happy to help you


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