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Transaction costs are (Multiple Choice Question)

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Transaction costs are (Multiple Choice Question)

Transaction costs are
A) all unnecessary and wasteful costs.
B) any nonmonetary costs associated with a transaction.
C) not real costs because they make no positive contribution to economic transactions.
D) the costs of arranging agreements between demanders and suppliers.
E) the opposite of opportunity costs.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

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Sublight2097 Author

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9 years ago

Another one in the books, marking it solved.

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Dropx

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9 years ago

Happy to help, let me know if you have any more requests.

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