_____, uncertainty, and risk of opportunism are the three major reasons due to which U.S. Steel prefers to own its mines, enrichment facilities, and ore carriers
a. Involuntary transactions
b. Transaction costs
c. Nonspecificity of assets
d. Trademark and credibility
B
You might also like to view...
Explain how changes in the stock of capital affect aggregate supply
The concept of the "best" level of pollution suggests that: a. increased concerns about pollution control shifted the marginal social cost curve to the left
b. the opportunity cost of reducing pollution may sometimes exceed the benefit. c. unregulated markets generally reduce pollution to efficient levels with marginal social cost equal to marginal social benefit. d. none of the above
Explain why economists abandoned the Humphrey-Hawkins Act of 1978 as target policy
The biggest single transfer program at the federal level is Social Security.
Answer the following statement true (T) or false (F)