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    Transactions and Strategies
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    Exam 9: Beyond Markets; Property and Contracts
  5. Question
    If the Costs of Negotiating and Enforcing Contracts Are High
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If the Costs of Negotiating and Enforcing Contracts Are High

Question 17

Question 17

True/False

If the costs of negotiating and enforcing contracts are high relative to the benefits, buyers and sellers will have incentives to make economically efficient arrangements that increase value.

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