A long-term contract Select one: a. occurs when a firm produces its own inputs.

Question

A long-term contract Select one: a. occurs when a firm produces its own inputs. b. is shorter when specialized investments are important. c. is when a firm is legally bound to purchase inputs from a particular supplier. d. is most likely in complex exchange environments. A long-term contract Select one: a. occurs when a firm produces its own inputs. b. is shorter when specialized investments are important. c. is when a firm is legally bound to purchase inputs from a particular supplier. d. is most likely in complex exchange environments. Select one: a. occurs when a firm produces its own inputs. b. is shorter when specialized investments are important. c. is when a firm is legally bound to purchase inputs from a particular supplier. d. is most likely in complex exchange environments. a. occurs when a firm produces its own inputs. b. is shorter when specialized investments are important. c. is when a firm is legally bound to purchase inputs from a particular supplier. d. is most likely in complex exchange environments.

Explanation / Answer

c. is when a firm is legally bound to purchase inputs from a particular supplier

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