Question: Could I have only answer? If I need a explaination, I will leave a additional comment. Thanks. Having more than two (2) parties in an

Could I have only answer? If I need a explaination, I will leave a additional comment. Thanks.

Having more than two (2) parties in an contract:

1) Only increases transaction costs.

2) Only increases uncertainty.

3) Makes no difference for efficiency if transaction costs are zero.

4) Increases both transaction costs and uncertainty.

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