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The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate.

- Oliver E. Williamson

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The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate.

- Oliver E. Williamson
transaction approach maintains projects finance ought financed these projects which physical asset specificity moderate

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