Question $1$

$1$ Point

According to Williamson, governance structures refer to ways in which to mediate the exchange of goods or services between separable entitites.

True

False

$2.$

Question $2$

$1$ Point

According to Williamson, a company's decision to make or buy is unrelated to transaction cost.

True

False

$3.$

Question $3$

$1$ Point

Transaction cost is not part of outsourcing decisions.

True

False

$4.$

Question $4$

$1$ Point

Transaction cost refers to the costs of planning, adapting, and monitoring task completion under alternative governance structures.

True

False

$5.$

Question $5$

$1$ Point

According to Richet and Tirole, credit and debit cards used the same two$-$side market strategy.