Transaction Costs Include All of the Following Except

question 5

Multiple Choice

Transaction costs include all of the following except:

• A)production costs incurred for labor and overhead
• B)search costs incurred by buyers and sellers in locating each other and specific products and services
• C)negotiation costs that result from meetings,communication-related expenses,exchanges of technical data or brochures,entertainment,and legal costs
• D)monitoring costs incurred when buyers and sellers make sure that the exchange proceeds according to the terms under which the sale was made