Multiple Choice
The fundamental reason for the existence of transaction costs is:
A) the absence of perfect property rights.
B) the sheer number of transactions in an economy.
C) the fact that information is costly.
D) the fact that all economic agents have the same information.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: When the recipient of an externality pays
Q5: When an economic agent affects the well
Q6: Which of the following is a Pareto-
Q7: The presence of negative externalities:<br>A)does not create
Q8: National Defense is largely provided by public
Q10: The price charged for a nonrivalrous good
Q11: Market demand for a public good is:<br>A)obtained
Q12: Non- zero transaction costs are a result
Q13: When transaction costs are positive:<br>A)property rights are
Q14: Transaction costs exist because:<br>A)the information is costly.<br>B)the