Which of the following is NOT a benefit associated with producing inputs within a firm?
A) Reduction in transaction costs.
B) Gains of specializing.
C) Reductions in opportunism.
D) Mitigation of hold-up problem.

Question

Quizplus · Accepted Answer

Gains of specializing refer to the advantages a firm or individual obtains by focusing on the production of a limited scope of goods or services. This concept is more about efficiency and productivity improvements rather than a direct benefit of producing inputs within a firm, which typically includes reducing transaction costs, reducing opportunism, and mitigating the hold-up problem.

Which of the Following Is NOT a Benefit Associated with Producing