In perfectly competitive markets,transactions costs are:

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In perfectly competitive markets, transactions costs refer to the costs associated with making a transaction, such as the costs of finding a buyer or seller, negotiating the terms of the transaction, and enforcing the agreement. In such markets, these costs are typically low or nearly zero, as there are many buyers and sellers and information is easily accessible. This is one of the defining characteristics of perfect competition.

In Perfectly Competitive Markets,transactions Costs Are