法律的规定使得失败的成本增加，从而遏制新企业家进入这个游戏，正如堵上烟囱以使火焰隔绝氧气已将。
Laws that increase the costs of failure stifle engagement from new players, much as a blocked chimney prevents oxygen from feeding the flames.
很多企业并购因为交易成本控制不力而导致并购最终失败。
Many mergers and acquisitions ultimately failed because of inadequate control of transaction costs.
因此，合资企业经常见于资本成本很高并且失败可能性也很高的资源开发产业中。
Thus, joint ventures are common in resource extraction industries where capital costs are high and where the possibility of failure is also high.
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