The existence and use of the Internet has lowered the transaction costs of making some exchanges.

Name: The existence and use of the Internet has lowered the transaction costs of making some exchanges.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The internet has made it easier to conduct transactions by reducing the need for physical presence or communication via post or phone. This has lowered transaction costs for various types of exchanges, such as online shopping, banking, and communication.

The Existence and Use of the Internet Has Lowered the Transaction