Which of the following is NOT an implication of specialized investments that leads to increased transaction costs?

Name: Which of the following is NOT an implication of specialized investments that leads to increased transaction costs?
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Question

Quizplus · Accepted Answer

Incentive contracts are actually a means to reduce transaction costs in specialized investments. Costly bargaining, opportunism and the "hold-up problem", and underinvestment are all implications of specialized investments that can lead to increased transaction costs.

Which of the Following Is NOT an Implication of Specialized