A. A music DJ who is a fan of 45-inch vinyl records prefers to...
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A. A music DJ who is a fan of 45-inch vinyl records prefers to buy the records at swap meets so that she can inspect the records for scratches. The DJ is acquiring records through
Multiple Choice
the spot market.
a short-term contract.
a long-term contract.
vertical integration.
B Long-term contracts
Multiple Choice
increase transaction costs and increase opportunism.
increase transaction costs.
can reduce opportunistic behavior.
reduce incentives for specialized investments.
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