The More Complicated the Process Used to Produce a Good

Multiple Choice

The more complicated the process used to produce a good,

A) the greater are the transaction costs of organizing production through markets
B) the lower are the transaction costs of organizing production through markets
C) the less likely a firm will use administrative controls to organize the production process
D) the more likely a firm will use the market to organize the production process
E) the more likely consumers will choose to purchase the good over other alternatives in the market