Transaction Costs Can Be Defined as the Costs

question 78

Multiple Choice

Transaction costs can be defined as the costs:

• A) incurred by buyer and seller in agreeing to and executing a sale of goods or services.
• B) the government must pay to allow for an exchange.
• C) incurred by the buyer and seller in agreeing to and executing a purchase of goods or services, excluding transportation costs.
• D) the government incur to create a structured market for the exchange of buyers and sellers.

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