Dasgupta uses the example of Italian credit and insurance markets in the 12th and 13th centuries to illustrate: Group of answer choices It is nearly impossible to ensure community responsibility over long distances so there were strong incentives for opportunistic behavior. Violations of agreements would lead to sanctions against an entire group so tying relationships incentivized peer monitoring to ensure compliance. Tying relationships and peer monitoring are too expensive to engage in and results in too few trade agreements being negotiated and reducing overall community welfare. None of the above are correct