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Economics . The hold-up problem is more likely to occur when: a. Own company has high cost in this part of the value chain. b.

Economics

. The hold-up problem is more likely to occur when: a. Own company has high cost in this part of the value chain. b. Agency efficiency is positive. c. Asset specificity is high and the company has little expertise in this part of the value chain. d. Technical efficiency is positive and greater than agency efficiency.

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