Private producers will only choose to sell their output when the benefit outweighs the cost.Which of the following could prevent a market from developing?

Question

Quizplus · Accepted Answer

All of the above options, high transportation costs, high transfer costs, and poor legal system, could potentially prevent a market from developing. High transportation costs and high transfer costs can increase the cost of selling goods, making it less profitable for private producers, while a poor legal system could lead to a lack of trust and uncertainty in transactions, discouraging market development.

Private Producers Will Only Choose to Sell Their Output When