An important source of transaction cost is opportunism, defined as seeking self-interest with guile.

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Opportunism refers to the behavior of individuals or organizations that seek to advance their own interests through deceitful or manipulative means. This behavior can increase transaction costs by creating uncertainty and undermining trust between parties involved in transactions. Opportunism can increase transaction cost as it may result in one party taking advantage of the other and not fully fulfilling their obligations in the transaction.

An Important Source of Transaction Cost Is Opportunism, Defined as Seeking