The following question references the second article in the packet linked above$-$"Netflix Didn't Make Many of the 'Origionals' that Made it Famous."

The following quote refers to which of the following terms? But it $($self$-$producing$)$ can also be cheaper in the long run as it doesn't require Netflix to renegotiate deals with third$-$party studios every few years."

The opportunism$/$transaction cost approach

The production cost approach

The resources$/$capabilities approach

The flexibility$/$real options approach