Question: Firms do not always need to bring transactions in - house to eliminate the hold up problem. For example, firms can rely on external suppliers

Firms do not always need to bring transactions in-house to eliminate the hold up problem. For example, firms can rely on external suppliers when
Firms can write detailed contracts that anticipate a variety of contingencies
The supplier is well-known
The firm rarely buys the product from the supplier
All of the above

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