You are more likely to hire a plumber to repair a leaky drainpipe if _____.
A) the tax rate on your earned income rises.
B) you already own the specialized tools required to complete the plumbing repair work.
C) the opportunity cost of your time is high.
D) you possess knowledge and experience in plumbing repair work.
E) the transaction cost of entering into a plumbing contract increases because of government regulations.
Correct Answer:
Verified
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