During your job search, you identify an IT position that requires you to obtain a very specific type of certification that is only applicable to this particular company. To obtain the position, you will need to pay for and attend a six-month training program, all at your own expense. You are very interested in the position. Using your economic knowledge, you perform a cost-benefit analysis and determine that the salary being offered makes the investment in obtaining the certification worthwhile. However, you are concerned about the possibility of a hold-up problem. Your primary concern is that:.
i. you will be unable to obtain the necessary certification
ii. the opportunity cost associated with obtaining the certification is too high.
iii. the time it takes to obtain the certification will hold up your career path.
iv. once you have invested in the certification, the prospective employer may renegotiate and offer a lower salary.