Government intervention in enforcing, monitoring, and establishing clearly defined
property rights should not be defined in terms of transaction costs.

Question

Government intervention in enforcing, monitoring, and establishing clearly defined
 property rights should not be defined in terms of transaction costs.

Quizplus · Accepted Answer

Government intervention in enforcing, monitoring, and establishing clearly defined property rights is often defined in terms of transaction costs because such interventions can significantly reduce the costs associated with exchanges in the market, making transactions more efficient and reducing the risk of disputes.

Government Intervention in Enforcing, Monitoring, and Establishing Clearly Defined