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  2. Topic
    Business
  3. Study Set
    Behavioral Economics
  4. Exam
    Exam 16: Trust and Reciprocity
  5. Question
    Contracts Are Only Effective If the Punishments for Violating the Contract
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Contracts Are Only Effective If the Punishments for Violating the Contract

Question 3

Question 3

True/False

Contracts are only effective if the punishments for violating the contract are credible and severe enough.

Correct Answer:

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