Under What Circumstance Would It Be Logical to Leave Contracts

question 24

Multiple Choice

Under what circumstance would it be logical to leave contracts vague and open-ended?

• A)When performance may be ambiguous or difficult to measure.
• B)When one of the firms in the contract is much larger than the other firm
• C)If there are many other firms that can provide the same service or product
• D)When the cost of writing the contract is too high
• E)If the smaller of the two contracting firms is the upstream firm

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