Which characteristic of transaction-specific investments explains the necessity for vertical integration?
A)The lack of a competitive market between them
B)The fact that each of the two producers has the opportunity to "hold up" the other
C)Low transaction costs in that relationship
D)The fact that a and b together form an untenable situation for separate owners.

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The Answer of Which characteristic of transaction-specific investments explains the necessity for vertical integration?
A)The lack of a competitive market between them
B)The fact that each of the two producers has the opportunity to "hold up" the other
C)Low transaction costs in that relationship
D)The fact that a and b together form an untenable situation for separate owners.

Which Characteristic of Transaction-Specific Investments Explains the Necessity for Vertical