Multiple Choice
When the formal regime in the country of Zoalia collapsed,the growth of many entrepreneurial firms was facilitated by informal constraints based on personal relationships and connections among managers and officials.This is an example of _____.
A) firms' behavior being exclusively controlled by formal institutions
B) firms' behavior being exclusively controlled by informal institutions
C) informal constraints increasing uncertainty for managers and firms in situations where formal constraints are unclear
D) informal constraints providing constancy for managers and firms in situations where formal constraints are unclear
Correct Answer:

Verified
Correct Answer:
Verified
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