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A viable alternative to public order provided by the law is private order based on private assurances among trading partners. Select one: True O False
A viable alternative to public order provided by the law is private order based on private assurances among trading partners. Select one: True O False Product liability damage awards can never dissuade firms from producing certain desirable products. Select one: True False One purpose of contracts is to reduce transactions costs associated with unforeseen circumstances that develop during the fulfillment of the agreement Select one: True False Even when there are advantageous trades that could be made, market imperfections can arise when people have asymmetric Information at the time they act Select one
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