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Title: If the costs of negotiating and enforcing contracts are _____ relative to the benefits, buyers and sellers have incentiv

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Q:

If the costs of negotiating and enforcing contracts are _____ relative to the benefits, buyers and sellers have incentives to make economically efficient arrangements that _____ value.

·         high; increase

·         low; increase

·         high, decrease

    low; decrease


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Title: If the costs of negotiating and enforcing contracts are _____ relative to the benefits, buyers and sellers have incentiv

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...ts of negotiating and enforcing contracts are _____ relative to the benefits, buyers and sellers hav...
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