Sellers in a geographically centralized market have higher transaction costs compared to those in a decentralized market.

Question

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In a geographically centralized market, sellers often have lower transaction costs due to efficiencies in logistics, communication, and increased competition, compared to a decentralized market where these costs can be higher due to the need for more extensive distribution and communication networks.

Sellers in a Geographically Centralized Market Have Higher Transaction Costs