Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 2, Problem 3CQ
To determine
Explain the transaction cost and eBay transaction cost.
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What are the two major SOURCES of transaction costs? (If these two things weren’t present, transaction costs would be very low.
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Macroeconomics: Private and Public Choice (MindTap Course List)
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