According to transaction cost theory,firms and individuals seek an increase on transaction costs,much as they do on production costs.

Name: According to transaction cost theory,firms and individuals seek an increase on transaction costs,much as they do on production costs.
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According to transaction cost theory, firms and individuals seek to minimize transaction costs, just as they seek to minimize production costs, in order to improve efficiency and increase profitability.

According to Transaction Cost Theory,firms and Individuals Seek an Increase