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Long-term contracts are generally preferred when, ceteris paribus , Multiple Choice the marginal cost of writing the contract decreases. the marginal cost of writing the
Long-term contracts are generally preferred when,ceteris paribus,
Multiple Choice
- the marginal cost of writing the contract decreases.
- the marginal cost of writing the contract increases.
- specialized investments are less important.
- the marginal benefit of writing the contract falls.
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