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8. The disadvantage of vertical integration is that: A.relationship-specific exchange may cause hold-up. B.long-term contracts may be inflexible. C.the principal-agent problem causes shirking. D.firms no

8. The disadvantage of vertical integration is that:

A.relationship-specific exchange may cause hold-up.

B.long-term contracts may be inflexible.

C.the principal-agent problem causes shirking.

D.firms no longer specialize in what they do best.

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