Cross-licensing agreements are increasingly common in the ________ industries.
A) transportation
B) high-technology
C) construction
D) consumer durables

Question

Quizplus · Accepted Answer

Cross-licensing agreements enable firms to hold each other hostage, which reduces the probability that they will behave opportunistically toward each other. Such cross-licensing agreements are increasingly common in high-technology industries.

Cross-Licensing Agreements Are Increasingly Common in the ________ Industries