The cost of buying or selling in a market, including search, bargaining, and writing contracts, is called the

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Transactions cost includes all the costs associated with buying or selling in a market, which includes search, bargaining, and writing contracts. Public cost refers to the costs incurred by society as a whole, while private cost refers to the costs incurred by an individual or firm. Remedy cost refers to the cost of correcting a problem or issue, and user cost refers to the cost of using a particular product or service.

The Cost of Buying or Selling in a Market, Including