Suppose a New Contracting Environment That Requires More Standardized Inputs

question 23

Multiple Choice

Suppose a new contracting environment that requires more standardized inputs is considered.This new contract will result in

• A)an increase in the marginal cost and result in a longer optimal contract.
• B)an increase in the marginal cost and result in a shorter optimal contract.
• C)a decrease in the marginal cost and result in a longer optimal contract.
• D)a decrease in the marginal cost and result in a shorter optimal contract.

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