Collectivization costs involve ensuring that all parties live up to promises made during bargaining.

Question

Quizplus · Accepted Answer

Collectivization costs refer to the expenses and efforts associated with organizing and managing a group (such as workers in a union or countries in a coalition) to act in its collective interest, rather than ensuring that parties live up to promises made during bargaining, which is more related to enforcement or monitoring costs.

Collectivization Costs Involve Ensuring That All Parties Live Up to Promises