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Author Question: Which of the following is NOT true of an incomplete contract? a. It discourages parties from acting ... (Read 75 times)

mpobi80

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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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Answer to Question 1

B

Answer to Question 2

B





 

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