Transaction costs are
A) production costs.
B) taxes on production.
C) regulations on production.
D) costs associated with exchange.

Name: Transaction costs are A) production costs. B) taxes on production. C) regulations on production. D) costs associated with exchange.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Transaction costs refer to the costs involved in exchanging goods and services, such as search and information costs, bargaining costs, and enforcement costs. They are not related to production costs, taxes, or regulations.

Transaction Costs Are