________ are the costs of negotiating, monitoring, and enforcing a contract.
A) Opportunity costs
B) Transaction costs
C) Indirect costs
D) Direct costs

Name: ________ are the costs of negotiating, monitoring, and enforcing a contract. A) Opportunity costs B) Transaction costs C) Indirect costs D) Direct costs
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Question

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Transaction costs are the expenses incurred when buying or selling a good or service, which includes the costs of negotiating, monitoring, and enforcing a contract.

________ Are the Costs of Negotiating, Monitoring, and Enforcing a Contract