Opportunism increases transaction costs.

Name: Opportunism increases transaction costs.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Opportunism, which is the act of taking advantage of a situation for one's own gain without regard for others, can lead to increased transaction costs. This is because individuals may need to spend extra time and resources to ensure that their interests are protected when dealing with opportunistic parties, resulting in higher transaction costs.

Opportunism Increases Transaction Costs