Problem 4: (15 points) Answer the following questions with true or false and provide a brief explanation (2-3 sentences) to justify your answer. a) In the presence of high transactions costs firms are more likely to buy inputs. b) High agency/influence costs make it cheaper for firms to buy inputs rather than make it. c) A cost reducing process innovation in the Bertrand market would be a soft commitment. d) The presence of relationship specific assets reduces the cost of buying inputs rather than making them within the firm boundary. e) The contract between Deltona Corporation and Mr. Cook was complete