Unformatted text preview: 2. A certain company holds a patent for a particular business process. The company licenses the right to use this process to other businesses. Routinely the company enters lawsuits against companies who are using the process without paying a fee. What cost of contracting do these lawsuits represent? a. search costs b. information costs c. decision costs d. enforcing costs e. none of the above 3. Which of the following occurs before a contract is made? a. Information costs b. Policing costs c. Enforcing costs d. Opportunity costs e. None of the above...
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- Fall '08
- Economics, information costs, a. search costs