Transaction costs include all of the following except:
A) production costs incurred for labor and overhead
B) search costs incurred by buyers and sellers in locating each other and specific products and services
C) negotiation costs that result from meetings,communication-related expenses,exchanges of technical data or brochures,entertainment,and legal costs
D) monitoring costs incurred when buyers and sellers make sure that the exchange proceeds according to the terms under which the sale was made
Correct Answer:
Verified
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