Transaction costs include each of the following except A) production costs. B) search costs. C) negotiation costs. D) monitoring costs.

Question

Quizplus · Accepted Answer

Transaction costs refer to the costs involved in conducting a transaction, including search costs, negotiation costs, and monitoring costs. Production costs, on the other hand, refer to the costs involved in producing a good or service and are not considered transaction costs.

Transaction Costs Include Each of the Following except