Transaction Costs Are Best Defined as the

Transaction costs are best defined as the

A) various costs of different goods and services.
B) cost of one good in terms of another; that is,the price of apples in terms of oranges.
C) costs involved in borrowing money from someone,that is,the interest that must be paid for the use of someone else's money.
D) costs associated with the time and effort necessary to make an exchange.